Reduction in Charges – PruFund in a Prudential ISA
On 1 March 2018 we reduced the Annual Management Charge (AMC) from 1.35% to 1.20% each year, for customers who are invested in PruFund in a Prudential ISA.
Why did we reduce the AMC?
The increasing size of the funds held within our ISA has resulted in lower unit costs. This means we can pass the savings on to our customers by reducing the AMC we charge for the management and administration of PruFunds in a Prudential ISA.