Prudential amends fee structure to offer choice

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more flexible charging structure is to accommodate more intermediaries

Prudential International has revamped the charging structure on its Prudence Portfolio Bond giving intermediaries the choice of whether to take initial commission. Richard Leeson, international relationship manager at Prudential, said as more and more intermediaries are charging clients a fee for their services this flexible remuneration structure will be able to accommodate them. It also allows their clients to be 100% invested in the product, if they choose to be. The, until now, mandatory demand for 5% of the investment to be kept on sterling deposit has been removed and replaced with...

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