These rates are effective from 25 November 2004 to 24 February 2005. As you can see, there is no change to the rates for the next quarter. We will however be keeping you and your clients informed of our current rate every quarter. It's all part of our commitment to making sure you and your clients know exactly what's happening to their fund.
|Fund||New Expected Growth Rates before charges||New rates after charges are deducted||Change|
|If your clients are NOT taking regular withdrawals||If your clients ARE taking regular withdrawals|
|Growth Fund||6.60% p.a.||5.00% p.a.||4.50% p.a.||No change|
|Growth & Income Fund||6.25% p.a.||4.65% p.a.||4.15% p.a.||No change|
The Expected Growth Rate (EGR) is an indication of how we expect the funds to perform over the year. The EGR is not guaranteed and is not the rate your clients will receive. The rate applied to your clients' PruFund Investment Plan is based on the fund(s) they invested in and the EGR after charges are deducted (as shown in the table above).
For full details of the PruFund Investment Plan including Online Services and Literature visit our website www.pruifa.co.uk
These rates are an indication of how we expect your clients PruFund Investment Plan fund(s) to grow over the year and are after life fund tax has been deducted. The Expected Growth Rates for the funds can be found on www.pru.co.uk, these are reviewed at the end of each quarter and are not guaranteed. The rate applied to your client's investment is determined by their fund choice and whether or not they take regular withdrawals. We may adjust the unit price at the start of each quarter or, more rarely, during the quarter, which will impact on any growth they will receive. This is detailed in their Key Features document. The rates shown assume an initial investment of £20,000 - an additional charge is made for lower amounts. Please remember that your client's plan is designed as a longer-term investment and that an Early Cash-In Charge may be applied on any withdrawals (not including regular withdrawals). Based on our current understanding of tax. Your clients may be further taxed when they cash in their plan - our Taxation of Bonds leaflet gives further information, and is available on www.pruifa.co.uk. Full terms and conditions of the PruFund Investment Plan are available on request. The value of your client's plan may fluctuate and there could be times when they may not get back the full amount of their original investment - it will depend on the value of the underlying investments and our formula that helps reduce volatility.
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