For adviser use only - not approved for use with clients Flexibility with strength Perhaps one ...
For adviser use only – not approved for use with clients
Flexibility with strength
Perhaps one of the rewarding things about being an adviser is meeting so many different people. And they really are all different – so each will have different needs when it comes to investing for retirement.
But differences mean work. You have to make sure your recommendation is appropriate, particularly as clients’ needs change as they move through different life stages. Wouldn’t it be good to find something that suits many people and has the flexibility to change with them?
In February we launched the Cautious Managed Growth Fund, and it’s now available through the Pru Flexible Retirement Plan. This combination may be just the answer you’re looking for.
The Cautious Managed Growth Fund
When a client is nearing retirement and about to take an income, they may want to shift away from more aggressive investments. Or perhaps a client at the start of their pension saving feels they want to minimise the investment risk for their moderate pension fund, by adopting a cautious investment approach with appropriate diversification.
Our research tells us that many clients are attracted by the cautious investment sector, and that in this sector, advisers like Manager of Manager solutions which place asset allocation decisions with the experts.
The Prudential Cautious Managed Growth Fund is just this - designed to deliver long term total return through asset allocation unconstrained by any benchmark.
The experts behind the Fund are Prudential’s Portfolio Management Group (PMG) - an in-house Manager of Managers made up of economists, investment strategists and portfolio managers. The team is responsible for co-ordinating a global group of over 300 investment professionals who collectively manage over £120 bn of funds (as at April 2007).
The PMG invests where it believes the best value is at any given time. Independent of any other division of Prudential, it can work to a defined investment philosophy and make investment decisions without commercial restrictions affecting views. The team has the freedom to follow its convictions and makes active asset allocation decisions, quickly seizing opportunities around the world. The success of our With-Profits fund, also looked after by the PMG, is testament to their strength.
At the heart of the Group’s success are the ‘core funds’; these are well-diversified multi-asset funds that benefit from our key expertise: asset allocation. Our focus is for all these funds to provide consistent performance against objectives – the type of solid investments many risk-aware investors would want at the heart of their portfolio and any adviser would be happy to recommend.
This investment approach is available across Prudential’s investment product range, regardless of tax wrapper.
You can find out more about cautious investing without compromise and Prudential’s Core Funds at www.pruadviser.co.uk/funds
The Pru Flexible Retirement Plan
So, apart from the range of core funds, why else might you choose Prudential’s Flexible Retirement Plan as the pension for your client?
One reason may be that it is flexible in how it rewards you for advice – it has a menu of commission and charging options that are easy to explain. Because your clients are different, they may have different needs of you as an adviser. Perhaps for some clients you’ll agree to manage their portfolio more actively, and for others you’ll take a more hands-off approach. For the former you may agree to take a percentage of funds under management as your commission, and for the latter just initial commission. The Pru Flexible Retirement Plan allows many combinations to suit you and your clients.
Your clients’ needs may change as they go through life, and the plan can change with them. If they become more adventurous as their fund grows, for example, the Pru Flexible R etirement Plan has a range of funds to cater for this. Investing in insured funds like these has the promise of AMC discounts for larger funds and also rewards more loyal customers.
Or, if your clients become interested in SIPPs, the plan allows them to activate their own Self-Invested Fund, only incurring SIPP charges upon use. This option is backed by more expertise – the self-investment experience of Suffolk Life, multi-award winners for SIPP business.
To find out more about Prudential’s Flexible Retirement Plan, visit www.pruadviser.co.uk/frp
So, although your clients are all different, there’s a proposition you can put at the heart of their retirement solution – Cautious Managed Growth Fund through the Pru Flexible Retirement Plan.
The value of an investment may fluctuate and is not guaranteed. Your client may not get back the full amount of their investment.
No preferred charging model
To 1,552 families and businesses
HL and Liberty SIPP slowest
Lifetime and annual allowances