New signatureless process for onshore bonds
Given the current challenges for you and your clients, we’ve implemented a new, ‘paperless’ process for the following onshore bond requests:
- New business
- Top-ups
- Regular, full and partial withdrawals
The introduction of a new, signatureless declaration removes the need for you to obtain a ‘wet’ signature from your clients. All you have to do is complete the relevant declaration to confirm you have your client’s authority (in line with the points laid out in the declaration) to submit the application on their behalf.
Declarations
Regular, full & partial withdrawal declaration
Editable forms
Prudential Investment Plan application form
Prudential Investment Plan top-up application form
Confirmation of Verification of Identity
IMPORTANT NOTE: Completed declarations should be sent via Pru secure email to contact.us@prudential.co.uk, and, where applicable, the monies to us electronically.
If you’re doing this for the first time – you’ll need to go through a simple registration process. You can register for Pru secure email here.
How the new process will work
Here’s a list of the onshore bond products in scope for the new signatureless process.
Bonds Open to New Business
- Prudential Investment Plan (post RDR Version)
Bonds Open to Top-Ups
- Prudential Investment Plan (post RDR Version)
- Prudence Bonds
- Prudence Distribution Bonds
- Prudence Managed Investment Bonds
- Flexible Investment Plans
- Prudential Investment Plan (Pre RDR Version)
The table below sets out the process and any relevant further information for each type of application (online and offline).
| Type Of Application | Process | Further Requirements |
|---|---|---|
Applications submitted ONLINE
|
|
Make sure that any additional anti-money laundering requirements are emailed to us too. |
Applications submitted OFFLINE
|
All documents signed:
Application not signed:
|
Make sure that any additional anti-money laundering requirements are emailed to us too. |
| Top-up applications |
Application not signed:
|
Make sure that any additional anti-money laundering requirements are emailed to us too. |
| Life of another cases (submitted OFFLINE) | All documents signed:
Application not signed:
|
Make sure that any additional anti-money laundering requirements are emailed to us too. Signatureless declaration must be appropriate to who is applying. If the company investment is a single director, a witness signature is required and we cannot accept this as a signatureless declaration. |
| Company/corporate investment cases (submitted OFFLINE) |
||
| Trust cases (submitted OFFLINE) |
All documents signed:
Trust deed signed, but application not signed:
|
Make sure that any additional anti-money laundering requirements are emailed to us too. If a trust deed is not signed we cannot accept this as a signatureless declaratio |
| Power of Attorney cases (submitted OFFLINE) | All documents signed:
POA signed, but application not signed:
|
Make sure that any additional anti-money laundering requirements are emailed to us too. Signatureless declaration must be appropriate to who is applying. POA needs to be certified by relevant body. |
Regular, full and partial withdrawals
| Type Of Request | Process |
|---|---|
Regular withdrawals – new and change existing – (OFFLINE only)
|
All documents signed:
Request not signed:
|
Full and partial withdrawals – (submitted ONLINE)
|
Submit online Here |
Full and partial withdrawals – (submitted OFFLINE)
|
All scanned requests submitted securely (via Pru secure email site) to mailbox; send form, client ID & declaration to contact.us@prudential.co.uk |
Fund switches
| Type Of Request | Process |
|---|---|
Fund switches (Submitted ONLINE) Prudential Investment Plans & Flexible Investment Plans only |
|
| Fund switches – (OFFLINE) |
|
How to send your signatureless declarations to us
Please send the completed declarations via Pru secure email to contact.us@prudential.co.uk, and, where applicable, the monies to us electronically.
If you’re doing this for the first time – you’ll need to go through a simple registration process. You can register for secure email here.
If you’ve completed a paper application, this along with any other requirements should also be emailed to us in the same way.
Confirmation of bank account details can be found here:
HSBC BANK
BACS/TT transfers:
- Sort code: 40 02 50
- Account number: 51015419
- Account name: Prudential Assurance company
Reference Required: the owners title initials and surname. It should originate from the owners account.
If it is a building society account or adviser/solicitor client account, the reference should be mentioned.
If you need any help with this, please contact your Prudential Account Manager.