Prudential International Prudence Portfolio Bond revamped

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Prudential International Prudence Portfolio Bond revamped

The Prudential International Prudence Portfolio Bond has been revamped and enhanced, the Dublin-based life assurer said today.

Changes to Prudential's flagship investment bond include a new cash account facility and the removal of a mandatory five per cent deposit in sterling.

A capital redemption option has also been removed for corporate investors, the company said, though it remains in place for life and trustee business.

Richard Leeson, international relationship manager for Prudential, said: "Each of the changes we have introduced to our Portfolio Bond is the result of extensive marketplace research."

The new Prudential International Prudence Portfolio Bond will open for business on January 16th.

Prudential has been doing business for over 150 years and holds some £187 billion in assets under management.

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