Prudential International Assurance (PIA) Signatureless Process
Signatureless process for Prudential International Assurance’s (PIA) range of bonds (excluding the International Portfolio Bond)
We updated our servicing and online support as we faced COVID-19, but these measures are now the new normal and ways of doing business for:
- New business
- Top-ups
The introduction of a signatureless declaration removes the need for you to obtain a ‘wet’ signature from your clients for their new business application. 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.
PLEASE NOTE : The signatureless declaration relates to the new business applications only. It can't be used for regulatory requirements such as tax reporting requirements and residency declarations.
PLEASE NOTE: There are regulatory requirements which will need a client signature. These are called out in the table below.
Please click on the relevant declaration below.
How the new process will work
Here’s a list of the PIA bond products in scope for the signatureless process:
- Prudential International Investment Bond (PIIB)
- Prudential International Investment Portfolio (PIIP)
- International Prudence Bond (IPB)
- Prudential Onshore Portfolio Bond (POPB)
- Prudential Onshore Portfolio Bond – Off Wrap contracts (POPB-OWC)
The table below sets out the process and any relevant further information for each type of PIA application.
| Type of application | Process | Further requirements |
|---|---|---|
Applications submitted by email
|
All documents signed:
Application not signed:
|
Make sure that any additional anti-money laundering requirements are emailed to us too. Please note that the client’s tax details must be must be completed in the Tax Residency Self Certification (TRSC) form and signed by the client. Please also note that the declaration of non-Irish residency is a statutory requirement and therefore requires a signed client declaration. A fully completed and signed scanned copy is acceptable. (this requirement is not needed for POPB or POPB-OWC applications). |
Applications submitted ONLINE
|
Application submitted online via PruAdviser. Scan copy of the signatureless declaration along with reference number clearly marked on signatureless declaration. | Make sure that any additional anti-money laundering requirements are emailed to us too. Please note that the client’s tax details must be must be completed in the Tax Residency Self Certification (TRSC) form and signed by the client. |
Company/corporate investment
|
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. Please note that the client’s tax details must be must be completed in the Tax Residency Self Certification (TRSC) form and signed by the client. Please also note that the declaration of non-Irish residency is a statutory requirement and therefore requires a signed client declaration. A fully completed and signed scanned copy is acceptable. (this requirement is not needed for POPB or POPB-OWC applications). |
| Trust cases | 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 declaration. Please note that the declaration of non-Irish residency is a statutory requirement and therefore requires a signed client declaration. A fully completed and signed scanned copy is acceptable. (this requirement is not needed for POPB or POPB-OWC applications). |
| Power of Attorney (POA) cases | 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. Please note that the declaration of non-Irish residency is a statutory requirement and therefore requires a signed client declaration. A fully completed and signed scanned copy is acceptable. (this requirement is not needed for POPB or POPB-OWC applications). |
| Discretionary Asset Management (DAM) Applications | All documents signed:
Application not signed:
|
Please note that if a signed DAM nomination form is not received, this business will not proceed. |
How to send your signatureless declarations to us
Please send the completed declaration by secure email to prudentialinternational@prudential.co.uk and send the monies into us electronically. Please note that for POPB and POPB-OWC the adviser can send in applications online via PruAdviser.
How to send monies to us
For bank account details to send money on Prudential International Investment Bond, Prudential International Investment Portfolio and International Prudence Bond, please click here
For bank account details to send money on Prudential Onshore Portfolio Bond and Prudential Onshore Portfolio Bond-OWC please click here
If you need any help with this, please contact your Prudential Account Manager.
Online services
You can access a range of online services, from illustrations and new business submission, to valuations and withdrawals. Please visit: https://www.pruadviser.co.uk/online-services/
| Product | Illustrations | Apply online | New business tracking | Valuations | Fund switching | Withdrawals |
|---|---|---|---|---|---|---|
| International Portfolio Bond | ✔ |
✔ |
✔ |
✔ |
✔ |
✔ |
| Prudential International Investment Portfolio | ✔ |
✔ |
||||
| Prudential International Investment Bond | ✔ |
✔ |
||||
| Prudential Onshore Portfolio Bond | ✔ |
✔ |
✔ |
✔ |
✔ |