Prudential PruFund investment plan updated
www.moneynews.co.uk > General finance > Prudential PruFund investment plan updated
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Money News |
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Prudential PruFund investment plan updated
Fri 3rd Jun 2005
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PruFund investors will now be able to benefit from the free of charge upgrade on the amount of their initial investments as well as to all new investments made until July 31st this year.
From August onwards, the capital guarantee will be taken as an annual management charge of 0.5 per cent per annum of the fund value for the first five years of the contract.
Hugh McKee, savings and investment director at Prudential, said that the move was intended to restore "further confidence" to the sector.
"Capital security combined with the potential for growth is a primary concern to advisers with lower to medium risk investor clients," he explained.
"Our advisers' customers are now able to access greater choice as this guarantee provides a desirable element of security."
The capital guarantee is aimed at low to medium risk investors who are interested in managed and diversified unit-linked style investment but without the attending fully exposed risks normally associated with such investments.
The expected growth rate for PruFund investments until August 24th has been set at five per cent net of fund tax and charges.
Related News : General finance |
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Related News : Prudential |
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