News

UPR’s applied on the PruFund range of funds

We’ve confirmed that we have applied Unit Price Resets (UPRs) to some of our PruFund funds due to an uplift in market conditions impacting their underlying performance.

Changes to the way we report LF Prudential fund costs and charges

On 7 May, Link Fund Solutions (LFS) updated the funds’ Ongoing Charge Figures (OCFs) in the published KIIDs. Here we help you understand what’s happened and why.

Further UPAs affecting some of our PruFunds

We confirmed that we applied upwards Unit Price Adjustments (UPAs) to some of our PruFund funds due to an uplift in market conditions impacting their underlying performance.

We’re refreshing our look

M&G plc joins Power Past Coal Alliance; plans to phase out investment in coal

M&G plc (M&G) is today joining the Powering Past Coal Alliance (PPCA) and announcing it wants to end investment in thermal coal by 2030 for developed countries and 2040 for emerging markets.

M&G Plc With-Profits Fund, helps protect from market volatility in 2020.

Around 2 million customers to share an expected total bonus of £2 billion

latest service updates

We understand that both you and your clients are facing into unprecedented challenges like never before. Our hub provides guidance and information to support you through this difficult time.

Investment Pathways webpage

Investment pathways are a new initiative from the FCA (from 1 February 2021) aimed at providing customers who are not receiving a personal recommendation with better retirement outcomes when: moving all or part of their pension savings into drawdown or transferring funds already in drawdown into a new drawdown arrangement

New signatureless process

Given the current challenges for you and your clients, we’ve implemented a new, ‘paperless’ process for the following onshore bond requests.

Online services

During these uncertain times we can help you manage your clients business online. You can access a range of online services, from illustrations and new business submission, to valuations and withdrawals.

Annual Benefit Statements

We’ve listened to feedback from advisers about the amount of paper you receive and that you’re just as conscious about the environment as your clients and we are. With that in mind from this week (27 July), we’ll no longer be issuing adviser copies of clients’ Annual Benefit Statements for some of our legacy products

Further update on Discounted Gift Trust (DGT) new business

We have carried out a further review of our underwriting process for DGTs, As a result, we will re-commence requesting and chasing for GP reports from Monday 15 June

Onshore bonds and others

Here you'll find our current service status and support available as we continue to work through COVID 19.

Prudential International Assurance (PIA) Brexit Update

As you’ll be aware the UK officially left the European Union on 31 January 2020 and entered a transition period during which negotiations have been taking place to establish the UK and EU’s future relationship.

Prudential International Assurance (PIA)

Here you'll find our current service status and support available as we continue to work through COVID 19.

Service updates for Prudential ISA

As the COVID-19 situation continues, we are committed to supporting you and your clients. Our online ISA service is the quickest and easiest way to have visibility and control of your client’s investments.

Trustee Investment Plan

Here you'll find our current service status and support available as we continue to work through COVID 19.

Retirement Account’s online functionality

We want to make it clear what servicing can be done fully online, and outline the support we have available for you, if you need it, as we continue to work through COVID 19.

Assessing the response to coronavirus

The Long Term Investment Strategy team, part of the Investment Office at M&G, sets the Strategic Asset Allocation for Prudential’s savings and investment products. As part of this, we regularly review portfolio sensitivity to political and economic developments. This note looks at the market impact of the coronavirus outbreak to date and assesses the effectiveness of monetary and fiscal responses so far.

The funds we've highlighted with our quarterly life and individual pension unit linked review

We're now making the results of our quarterly life and individual pension unit linked review available.

Principles and Practices of Financial Management

All firms that carry out with-profits business are required to publish the Principles and Practices of Financial Management (PPFM) that are applied in the management of their with-profits funds.