Pension and Investment fund updates

Our funds are always potentially subject to changes, and we want to keep you up-to-date with what's happening. You'll find information on recent changes below.

We'd recommend that you visit this page for information if you are considering your investment choice. This page is for information purposes only. Please speak to your adviser if you require any more information.

Prudential decided to change the name of our fund to align it with the name provided by the manager of the underlying fund.

The Prudential fund’s existing underlying fund strategy, Prudential risk rating and fund charges remain the same.

What changed?

The table below shows the details of the name change that applied to the Prudential fund:

Previous fund name

New fund name

Prudential South East Asia Bond Fund (ex M&G)

Prudential M&G Asian Bond Fund (ex M&G)


What current investors need to do?

You don't need to do anything. We've written to those invested in the fund to tell them about the changes.

Prudential decided to change the name of our fund to align it with the name provided by the manager of the underlying fund.

The Prudential fund’s existing underlying fund strategy, Prudential risk rating and fund charges remain the same.

What changed?

The table below shows the details of the name change that applied to the Prudential fund:

Previous fund name

New fund name

Prudential South East Asia Pension Fund (ex M&G)

Prudential M&G Asian Pension Fund (ex M&G)


What current investors need to do?

You don't need to do anything. We've written to those invested in the fund to tell them about the changes.

Prudential decided to change the name, strategy and investment policy of this fund to bring them more into line with changes made by the manager of the underlying fund. 

The changes set a more realistic expectation for the fund’s future returns as the underlying fund manager does not anticipate a significant rise in yields from corporate bonds, which the fund is able to invest in, in the foreseeable future. 

The Prudential fund’s existing risk profile, Prudential risk rating and fund charges remain the same.
 

What changed?

The table below shows the details of the name, strategy and investment policy that applied to the Prudential fund:

Previous fund name

New fund name

Prudential UK Income Pension Acc (exM&G)

Prudential M&G UK Income Distribution Pension (exM&G)

Previous fund description

New fund description

The investment strategy of the fund is to purchase units in the M&G Extra Income Fund. That fund invests mainly in a range of UK equities with the aim of achieving a high income stream which also increases over time. The target yield is 50% higher than that of the FTSE All-Share Index but this may vary in the shorter term. Although income will be the primary consideration, the investment manager will also be mindful of total return (the combination of income and growth of capital).

The investment strategy of the fund is to purchase units in the M&G UK Income Distribution Fund.  The fund aims to increase income distributions over time and targets a yield greater than that of the FTSE All-Share Index. Although income will be the primary consideration, the investment manager will also aim for capital growth.  At least 70% of the fund will be invested in UK equities. The fund focuses on good-quality but undervalued stocks that offer a higher income than the FTSE All-Share Index by identifying those companies that exhibit the following qualities: strong business operations, good cash flows and attractive dividend growth prospects. The fund may also invest in sterling-denominated fixed income securities. Cash and near cash may be held for ancillary purposes and derivatives may be used for efficient portfolio management and hedging purposes.

 

What current investors need to do?

You don't need to do anything. We've written to those invested in the fund to tell them about the changes.

 

 

Prudential decided to change the name, strategy and investment policy of this fund to bring them more into line with changes made by the manager of the underlying fund. 

The changes set a more realistic expectation for the fund’s future returns as the underlying fund manager does not anticipate a significant rise in yields from corporate bonds, which the fund is able to invest in, in the foreseeable future. 

The Prudential fund’s existing risk profile, Prudential risk rating and fund charges remain the same.

What changed?

The table below shows the details of the name, strategy and investment policy that applied to the Prudential fund:
 

Previous fund name

New fund name

Prudential Extra Income Bond Acc (exM&G)

Prudential M&G UK Income Distribution Bond (exM&G)

Previous fund description

New fund description

The investment strategy of the fund is to purchase units in the M&G Extra Income Fund. That fund invests mainly in a range of UK equities with the aim of achieving a high income stream which also increases over time. The target yield is 50% higher than that of the FTSE All-Share Index but this may vary in the shorter term. Although income will be the primary consideration, the investment manager will also be mindful of total return (the combination of income and growth of capital).

The investment strategy of the fund is to purchase units in the M&G UK Income Distribution Fund. The fund aims to increase income distributions over time and targets a yield greater than that of the FTSE All-Share Index. Although income will be the primary consideration, the investment manager will also aim for capital growth. At least 70% of the fund will be invested in UK equities. The fund focuses on good-quality but undervalued stocks that offer a higher income than the FTSE All-Share Index by identifying those companies that exhibit the following qualities: strong business operations, good cash flows and attractive dividend growth prospects. The fund may also invest in sterling-denominated fixed income securities. Cash and near cash may be held for ancillary purposes and derivatives may be used for efficient portfolio management and hedging purposes.

What current investors need to do?

You don't need to do anything. We've written to those invested in the fund to tell them about the changes.

Prudential decided to change the name and update the strategy of this fund to bring them more into line with those provided by the manager of the underlying fund. 

Both changes will help ensure investors have consistent information that can be relied upon when researching and reviewing investment options.

The Prudential fund’s existing underlying fund strategy, Prudential risk rating and fund charges remain the same.

What changed?

The table below shows the details of the name and fund description changes that applied to the Prudential fund: 

Previous fund name

New fund name

Prudential Fidelity South East Asia Fund

Prudential Fidelity Asia Fund

Previous fund description

New fund description

The investment strategy of the fund is to purchase units in the Fidelity Asia Fund.  That fund aims to achieve long-term capital growth through investment primarily in the shares of companies (equities) situated throughout the Pacific Basin, excluding Japan. The fund is likely to have a bias towards larger companies.

The investment strategy of the fund is to purchase units in the Fidelity Asia Fund. That fund aims to achieve long term capital growth from a portfolio made up of the shares of companies throughout the Pacific Basin, but excluding Japan. The portfolio is likely to have a bias towards larger companies. However, the fund operator is not restricted in the choice of company either by size or industry, or in terms of the geographical split of the portfolio, which is largely determined by the availability of attractive investment opportunities, rather than the outlook for each market.

What current investors need to do?

You don't need to do anything. We've written to those invested in the fund to tell them about the changes.

Need help? Have questions?

If you're looking for further information or want to chat about your product options, we can help.

Contact us