Pru adopts 'factory gate' for onshore bond

The company said it will run a second onshore bond, which allows the adviser and the client to decide on remuneration between themselves, alongside the existing commission paying bond. The core design of the offering is based on simplicity and transparency, with the only set charge on the contract being the AMC. There will also be a five year version of the product which allows the adviser to be remunerated over half a decade. The company added it would be working with advisers to help them manage the transition in their business from the existing bond remuneration structure, and s...