Trustee Investment Plan (Series A)

Our Trustee Investment Plan (TIP) is a single premium investment for Trustees of UK registered pensions schemes. It offers access to a range of funds including our With-Profits Fund and the range of PruFund Funds. Regular and one off withdrawals can be taken from the Plan.

Our With-Profits Fund and PruFund Funds offer growth potential and smoothed returns, as well as guarantee options. These investment choices can provide real growth potential and could be used for money held in a trustees account and may provide some balance to higher risk assets which may be held in the scheme.

The Prudential TIP for you and your clients:

• Minimum initial investment - £20,000 (top-up minimum £10,000).
• No set investment term, giving the flexibility to invest for as long as required.
• Investment options - access to a range of externally managed funds and internal funds. Prudential's Portfolio Management Group (PMG) manage our multi-asset funds and the range includes:
• The With-Profits Fund - a multi-asset fund investing in equities, fixed interest investments, property and cash.
• PruFund Funds - these are designed to spread investment risk, by investing in many different assets. The funds also have a unique smoothing mechanism, designed to protect your investment from some of the daily ups and downs associated with direct investment. We offer:
  • PruFund Growth Fund and PruFund Cautious Fund and also we offer these funds with guarantees as PruFund Protected Funds.
  • Risk Managed PruFunds. We offer four funds, giving a choice of funds that target different levels of potential return, and therefore risk, for your client's investment. The equity parameters of each of the Risk Managed PruFund funds help to drive, and demonstrate to investors, the potential risk that each fund can take.
• Take a look at the Investment options on our TIP

• Guarantees available:
• For investments in The With-Profits Fund, we will not apply a Market Value Reduction (MVR):
  • on any regular withdrawals; or
  • on death.

  Plans set up before 7 November 2011 will have a Selected Investment Term (SIT). For investments in the With-Profits Fund, we guarantee not to apply an MVR when a plan is cashed in at the end of the SIT.

• We offer a range of guarantee terms for both PruFund Protected Cautious Fund and PruFund Protected Growth Fund, where the guarantee will only apply at the end of the selected guarantee term. Each guarantee has its own charge. The guarantee charge will be payable for the whole of the guarantee term.
• Take a look at providing guarantees on our TIP

• Providing income - The regular withdrawal facility can provide income to meet ongoing pension fund commitments, subject to income limits.
• Take a look at providing income on our TIP

• Commission options - you can take initial or fund related commission or a mixture of both, depending on how you and your client agree to pay for your advice.
• Initial Commission (IC) - this is a percentage of the initial investment or an agreed amount and it is taken on receipt of the premium.
• Fund Related Commission (FRC) - this is paid quarterly in arrears and is funded through a quarterly service charge equal to the fund related commission payable.