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LEGACY
PRUDENTIAL
PRUDENCE BOND (NO INITIAL CHARGE OPTION - VERSION 1)
CHARGES
Discontinuance Charges
Applicable to
Any encashment of units during initial 5 years of Bond.
NOTE
When originally introduced, the discontinuance charge applied to any encashment of units during initial 5 years of each investment into the Bond.
A discontinuance charge will not be applied to units cancelled to provide regular withdrawals of up to 7.5% pa.
Regular Withdrawals
Not subject to Discontinuance Charge if within 7.5% of investment.
Death Claims
Not subject to Discontinuance Charge or MVR.
Charges For Discontinuance
Market Value Reduction (MVR)
Charges will be applied before the calculation of any MVR.
Switching
An MVR may apply to switches from the With-Profits Fund.
Mortgage Products
Legacy
Disclaimer
Pension Products
Contact
Protection Products
Investment Products
General
PRUDENTIAL PRUDENCE BOND (NO INITIAL CHARGE OPTION - VERSION 1) CHARGES
Applicable to
Any encashment of units during initial 5 years of Bond.
NOTE
When originally introduced, the discontinuance charge applied to any encashment of units during initial 5 years of each investment into the Bond.
A discontinuance charge will not be applied to units cancelled to provide regular withdrawals of up to 7.5% pa.
Regular Withdrawals
Not subject to Discontinuance Charge if within 7.5% of investment.
Death Claims
Not subject to Discontinuance Charge or MVR.
Charges For Discontinuance
| Complete Policy Years In Force | Deduction as a Percentage of the Value of the Units Realised |
| Less than 1 year | 9% |
| Less than 2 years | 7% |
| Less than 3 years | 5% |
| Less than 4 years | 3% |
| Less than 5 years | 1% |
| More than 5 years | NIL |
Market Value Reduction (MVR)
Charges will be applied before the calculation of any MVR.
Switching
An MVR may apply to switches from the With-Profits Fund.
