PruFund Expected Growth Rates
Latest Expected Growth Rates for the PruFund Range of Funds
We announce the Expected Growth Rates that apply to the PruFund Range of Funds every quarter.
The Expected Growth Rate is the annualised rate which will be applied daily to increase the unit price of the fund. They are set quarterly by the Prudential Assurance Company Ltd Directors, having regard to the expected long-term investment return on the assets of the fund.
The Expected Growth Rates quoted below are shown gross of all product charges, including AMCs, and are applicable from 25 August 2010 until 24 November 2010.
| PruFund Investment Plan* | |
| PruFund Growth Fund | 6.60% |
| PruFund Growth & Income Fund | 6.30% |
| Flexible Investment Plan | |
| PruFund Growth Fund PruFund Protected Growth Fund* |
6.60% |
| PruFund Cautious Fund PruFund Protected Cautious Fund |
6.10% |
| Prudential Investment Plan | |
| PruFund Growth Fund PruFund Protected Growth Fund* |
6.60% |
| PruFund Cautious Fund PruFund Protected Cautious Fund |
6.10% |
* Closed to new business w.e.f. 3 August 2009.
| Flexible Retirement Plan Trustee Investment Plan |
|
| PruFund Growth Pension Fund PruFund Protected Growth Pension Fund** |
7.90% |
| PruFund Cautious Pension Fund PruFund Protected Cautious Pension Fund |
7.50% |
** Closed to new business w.e.f. 31 December 2009.
| International Prudence Bond | |
| PruFund Growth (Sterling) Fund PruFund Protected Growth (Sterling) Fund*** |
7.90% |
| PruFund Cautious (Sterling) Fund PruFund Protected Cautious (Sterling) Fund |
7.50% |
| PruFund Growth (Euro) Fund PruFund Protected Growth (Euro) Fund*** |
7.60% |
| PruFund Cautious (Euro) Fund PruFund Protected Cautious (Euro) Fund |
7.00% |
| PruFund Growth (US Dollar) Fund PruFund Protected Growth (US Dollar) Fund*** |
7.60% |
| PruFund Cautious (US Dollar) Fund PruFund Protected Cautious (US Dollar) Fund |
7.00% |
*** Closed to new business w.e.f. 9 October 2009.
Important Information about the Expected Growth Rates
The Expected Growth Rates set at each quarter date may be higher, the same or lower than those applying at the start of your investment.
In addition, there may be times where the unit price may be adjusted which will impact any growth that clients may receive. The overall return achieved on any plan is affected by the amount of the investment, investment performance, the period over which the plan has been invested and the charges applicable to the plan.
In certain circumstances, for example if we experience large investments into, or encashments from, the fund, we may not apply the smoothing process - this is known as suspension of smoothing. If this happens, the unit price will increase or decrease daily in line with the value of the underlying investments. Suspension of smoothing can be applied independently for each fund in the PruFund Range of Funds.
You should refer to the relevant Key Features or Terms & Conditions of your client's plan for more information on how the Expected Growth Rates work.
