Yields to drop by up to 1% on Prudence Bond

Investors in Prudential's Prudence Bond product range will see their overall yields drop by up to 1% as a result of cuts to terminal bonus rates and increases in annual management charges. From 1 October, overall yields in the Optimum Return fund will fall from 6% to 5% for investors choosing the initial charge option and from 5.7% to 4.7% for the zero initial charge option. For the Optimum Bonus fund, overall yields will fall from 5.55% to 5.3% for the initial charge option and from 5.25% to 5% for the zero initial charge option. Overall yields on the International Prudence Bonds ha...