Trustee Investment Plan

The Trustee Investment Plan provides a convenient solution for Trustees of exempt approved retirement benefit schemes, and self-invested personal pensions, to make lump sum investments. It has been designed for maximum flexibility and offers access to a range of funds.

Fund Choice

• The Trustee Investment Plan allows Trustees to access one of the UK's largest With-Profits Funds, with £54 billion invested as of June 2009.
• It also offers access to our PruFund Range, with a choice of Funds for the cautious or more growth-orientated Trustee:
  • PruFund Growth Fund - aims to maximise growth over the medium to long term by investing in shares, property, fixed interest and other investments.
  • PruFund Cautious Fund - aims to offer steady and consistent growth through a cautious approach to investing, with a balance between potential return and risk, in an economic environment that continues to be uncertain.
  • PruFund Protected Cautious Fund - for Trustees who are looking for the safety of a guarantee. If the fund value is lower than the guaranteed amount on the guarantee date of the plan, we will add units to restore it to the guaranteed level.
• Investments can be held in several funds at any one time, with two free switches per year.

Convenient Access

There are two options available for the Trustee to access their investment:

• Capital Growth Option - partial withdrawals (minimum £1,000) can be made at any time, and withdrawals are free after the first 5 years, subject to any applicable MVR's. This is also subject to leaving a value of at least £1000 in the plan, and a charge will be made for any encashments or withdrawals in the first 5 years.
• Income Option - withdrawals of up to 7.5% of the original investment can be made each year from the beginning of year two, providing a regular income free from any charges. Any withdrawals over 7.5% are subject to a charge within the first 5 years. At any time, withdrawals from the With Profits Fund over 7.5% may be subject to an MVR.