Important Legal Information
Please ensure you take the time to read all the following important legal information.
Full terms and conditions of all products are available on request.
The value of a holding in an investment fund and the income from it/the level of distributions can go down as well as up. The rate of growth of unit linked funds cannot be guaranteed.
The rate of future bonuses in the With-Profits Funds or Unitised With-Profits Fund and therefore the rate of growth cannot be guaranteed. Final bonuses can be reduced or removed. Bonuses include the effect of charges. Income from investment linked Annuities can go down as well as up. Income limits can go down as well as up.
This site is based on our current understanding of taxation, legislation and HM Revenue & Customs practice, all of which may change without notice. The value of current tax privileges of pension schemes varies according to the financial circumstances of the individual and employer (if applicable).
Charges may vary in the future.
Final Bonus may vary or be removed at any time and is therefore not guaranteed.
This site is intended for use by United Kingdom residents only.
Past Performance is no guide to the future.
Provision of Fund Accounting and the daily calculation of fund prices (Price Making) for all our funds will be undertaken by State Street Bank and Trust Company.
For investments in a With-Profits Fund, a Market Value Reduction (MVR) may be applied to full or partial surrenders at any time in order to protect the interests of continuing policyholders against the effect of other policyholders making withdrawals in adverse investment conditions.
Annuities
High income withdrawal may not be sustainable. Taking income withdrawals may erode the capital value of the fund, especially if investment returns are poor and a high level of income is taken. When maximum withdrawals are taken, high income withdrawals may not be sustainable during the deferral period. Annuity rates may be at a worse level when annuity purchase takes place.
Bonds
If your client withdraws money within the first five years from initial investment an Early Cash-In Charge may apply (depending on your plan and except on regular withdrawals). A deduction equivalent to the early cash-in charge may apply on death for Bonds taken out from 1 October 2002 depending on the age of the persons covered.
The word "income" appears in inverted commas. This is because the regular payments available from Prudential and Prudential International bonds can be used as income for all practical purposes. However, the HM Revenue & Customs may not tax these regular payments as "income" in the way dividends or interest are taxed. Please see our 'Taxation of Bonds' leaflet which is available on request. Any "income" or withdrawal taken will reduce the value of your clients' Plan or Bond. If the "income" or withdrawals are more than any growth achieved there is a risk that the value of your clients' Plan or Bond will reduce below the level of original capital invested.
Prudence Bond/Flexible Investment Plan/Prudential Investment Plan
If money invested in either of the With-Profits Funds is taken out at any time, including to switch to the other With-Profit Fund, except on a death claim or to meet certain regular withdrawals, the amount paid out may be reduced to reflect the current market value of the underlying assets. This is known as a Market Value Reduction and is in addition to any Early Cash-In Charge. This may mean that your client will get back less than the full amount of their investment.
If your client withdraws money within the first five years (or first three years for the Flexible Investment Plan if the option is selected at outset) from initial investment an Early Cash-In Charge will apply (except on regular withdrawals). A deduction equal to the Early Cash-In Charge may apply on death depending on the age of the persons covered. See Key Features for details.
Past Performance is no guide to the future and the rates of future bonus cannot be guaranteed.
Distribution Bond
The value of units and the distributions from them can go down as well as up and is not guaranteed. In some circumstances it will be necessary to cash in units in the Distribution Fund. This will occur most notably when regular "income" is required before a distribution, or the distribution is less than the amount of the regular "income" requested.
Prudential International
The registered office of Prudential International is in Ireland at Montague House, Adelaide Road, Dublin 2. Prudential International is a marketing name of Prudential International Assurance plc. Registration No. 209956. Telephone number + 353 1 476 5000. If the Company should become unable to meet its liabilities, the Financial Services Compensation Scheme will protect eligible policyholders habitually resident in the UK when their contract starts, with effect from 1 December 2001. This protection does not extend to externally-linked investments. Prudential International Assurance plc is authorised by the Central Bank of Ireland and is subject to limited regulation by the Financial Services Authority for UK business. Details on the extent of our regulation by the Financial Services Authority are available from us on request.
Copyright
Unless otherwise stated, the copyright and any other rights in all the material on this site are owned by Prudential.
Phone Calls
We monitor or record calls for your protection and to improve our service.
There is no guarantee that any e-mail you send will be received by Prudential. The content of any email sent is not guaranteed to remain private during internet transmission.
Downloads
Software is downloaded at your own risk. Prudential does not warrant the suitability or stability of any downloaded software and can accept no liability for any problems with or damage to your computer caused as a result of you downloading software via this site. We recommend that should you have any concerns relating to software to be downloaded you should seek specialist advice before proceeding.
Personal Information
When registering and using this site we may store some of your information on your hard disk. This is known as a "cookie" and allows our systems to recognise users and tailor our site to your preferences. You can choose to delete the "cookies", however by doing this you may prevent the site from operating as intended.
About Prudential
"Prudential" is a trading name of The Prudential Assurance Company Limited, of Prudential Annuities Limited and of Prudential Retirement Income Limited. This name is also used by other companies within the Prudential marketing group, which between them provide life assurance, pensions, savings and investment products.
