Protected Rights and Contracting Out

We can accept Protected Rights within the following pre and post retirement products:

Pru Flexible Retirement Plan (FRP)

Protected Rights can be held under a client's FRP, in both the personal pension and income drawdown plans. This means one solution for all your client's pension pots. providing:

• Simplicity for the client
• Less initial sale and review work for you as you only have one plan to set-up and manage
• Help with the transfer process with our Transfer Desk
• AMC discounts for consolidation of funds. This means your clients could pay lower AMCs if they consolidate their Protected Rights into the FRP. Find out more about our AMC discounts.
• Consistency of investment choice for your client's Protected Rights and non-Protected Rights funds under the FRP*
• Protected Rights funds can be used to increase a client's borrowing power for commercial property purchase. Clients can borrow an amount up to 50% of the net value of their FRP, including Protected Rights

*Note Protected Rights funds cannot currently be invested in the Self Invested Fund

With-Profits Annuity

Clients can use their Protected Rights funds to buy a Pru With-Profits Annuity. This means that if they wish to place 100% of their pension fund into an asset-backed annuity they can. They no longer need to buy two separate annuities. Find out more