Updates to our Workplace Pension funds

We update our funds from time to time. You'll find information on the latest changes below.

Fund closures

As part of our commitment to our customers, we’ve recently carried out a review across our fund range to make sure our funds are performing as we would expect and to make the options available to you simpler.

We decided to close some funds and did this in three stages – 21 November 2019, 20 February and 26 March 2020. We proposed an alternative selection of funds for customers to invest in and sent out information about the changes to anyone invested in the closing funds.

Closing and alternative funds

21 November 2019

Closing fund

Alternative fund

M&G Recovery

Prudential UK Equity

M&G Total Return Credit Investment

Prudential All Stocks Corporate Bond

Schroder Dynamic Multi Asset

Prudential Dynamic Growth II

Schroder QEP Global Core

Prudential International Equity

20 February 2020

Closing fund

Alternative fund

Aberdeen Life Multi-Asset

Prudential Discretionary

BNY Mellon UK Equity-formerly Prudential Newton UK Equity

Prudential UK Equity

BlackRock Ascent European Equity

Prudential Europe Equity Passive

Prudential Absolute Return

Prudential Dynamic Growth IV

BlackRock Aquila Market Advantage

Prudential Dynamic Growth IV

BlackRock Aquila Sterling Government Liquidity

Prudential Cash

Prudential Ethical

Prudential Positive Impact

The Prudential International Bond Fund was originally included in the list of closures on 20 February. The closure of this fund has been postponed and it remains open to existing investors. We have contacted members invested in this fund to tell them about the change.

26 March 2020

Closing fund Alternative fund
BlackRock Aquila (50:50) Global Equity Index
 
Prudential Dynamic Global Equity Passive
BlackRock Aquila (60:40) Global Equity Index
 
Prudential Dynamic Global Equity Passive
BlackRock Aquila (30:70) Currency Hedged Global Equity Index
 
Prudential Dynamic Global Equity Passive
Prudential Global Equity Passive
 
Prudential Dynamic Global Equity Passive
BlackRock Aquila (40:60) Global Equity
 
Prudential Dynamic Global Equity Passive

Fund launches

We’ve launched the two new funds shown below

Fund

Launch date

Prudential Positive Impact 

20 February 2020

Prudential Dynamic Global Equity Passive

26 March 2020

We have amended our fund guides to reflect these changes.

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