For UK financial advisers only. Not approved for use by customers. Visit the Prudential customer website For UK financial advisers only. Not approved for use by customers. Visit the Prudential customer website

Changes to the investment objectives and fund names

From 21 January we’re proposing changes to the investment objectives and fund names for the following fund ranges:

  • Dynamic Portfolio Funds
  • Dynamic Focused Portfolio Funds
  • Risk Managed PruFund Funds

We won’t be making any changes to the PruFund Growth and PruFund Cautious Funds.

Changes to the Dynamic Portfolio and Dynamic Focused Portfolio funds is subject to approval at the shareholders’ Extraordinary General Meeting (EGM) on 11 December.

The changes we’re proposing

  • Changing the fund objectives from an equity target band to a volatility ceiling
  • Renaming our Dynamic Portfolio and Dynamic Focused Portfolio Funds
  • Reducing some fund charges on the Dynamic Portfolio and Dynamic Focused Portfolio Fund ranges.

Why we’re making these changes

Ultimately, our aim is to drive better investment outcomes for all customers and we believe that the proposed changes have the potential to deliver better returns.

Currently, the investment objectives and names of these funds specify how much of the fund can be held in equities. Managing the funds within these equity constraints doesn’t necessarily enable the fund managers to target a specific level of risk.

We believe targeting volatility is a clearer way to align the fund objectives to your client’s risk profile.

New names for our fund ranges from 21 January 2019

 

 

Current name of fund range

New name of fund range

OEICS

LF Prudential Dynamic Portfolio range

LF Prudential Risk Managed Active range

LF Prudential Dynamic Focused Portfolio range

LF Prudential Risk Managed Passive range

Life and Pension Funds

Prudential Dynamic Portfolio range

Prudential Risk Managed Active range

Prudential Dynamic Focused Portfolio range

Prudential Risk Managed Passive range

PruFunds

Prudential Risk Managed PruFund range

No change


Non PRIIP versions

PRIIP versions

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