Prudential With-Profits Fund

The Prudential With-Profits Fund is managed by M&G Treasury & Investment Office (T&IO). The fund is designed to spread investment risk by investing in a range of different assets.

Our With-Profits Fund managers aim to secure the highest total return for the Fund over the long-term (after any tax and expenses) while maintaining an acceptable level of risk and protection for planholders.

Our bonus process aims to give each planholder a return which reflects the earnings on the underlying investments over the period of their investment, whilst smoothing some of the extreme highs and lows of short-term investment performance. We can’t guarantee bonuses and we can change the rate of the regular bonus at any time.

Please remember that the value of investments can go down as well as up, your client may not get back what they have paid in.

This is not a comprehensive list of the availability of these Funds. Please refer to the appropriate Fund guide or product information pages for more information.

# The Flexible Retirement Plan (FRP) closed to new business on 17 September 2018 but if your client is an existing FRP customer they can still make changes to their plan.

*Different currency options: Sterling, Euro or US Dollar.

• With-Profits* (referred to as Optimum Return for our Onshore Bond products**)

• With-Profits (Optimum Bonus)**

*With Sterling, Euro and US Dollar options for Prudential International investors.
** Available for Onshore Bond Products except the Prudential Onshore Portfolio Bond and Prudence Inheritance Bond.

The With-Profits Fund aims to smooth some of the extreme ups and downs of short-term investment performance in order to provide a more stable return. We do this by holding back some of the investment returns in good years with the aim of using this to support bonus rates in the years where the investment returns are lower.

You can find out more about smoothing, how we manage the fund and apply any bonuses in Your With-Profits Plan – a guide to how we manage the Fund (PDF).

The fund aims to maximise growth over the medium to long term by investing in shares, property, fixed interest and other investments. The fund currently invests in UK and international equities, property, fixed interest securities, index-linked securities and other specialist investments.

The international With-Profits Funds are backed by assets in the With-Profits Fund of the Prudential Assurance Company Ltd through a reinsurance agreement.

The fund aims to produce medium to long-term growth and generate income. The fund currently invests in UK and international equities, property, fixed interest securities, index-linked securities and other specialist investments.

The international With-Profits Funds are backed by assets in the With-Profits Fund of the Prudential Assurance Company Ltd through a reinsurance agreement. Sterling, Euro and Dollar options are available for Prudential International investors.

The Prudential Assurance Company Ltd (PAC) With-Profits Fund has a 5 out of 5 rating, as at December 2018, for financial strength from AKG Actuaries & Consultants, who are specialists in providing independent With-Profits ratings. This is the highest rating AKG award. Source: AKG With-Profits Report (PDF).

PAC are rated A+ for financial strength by Standard & Poor's, as at December 2018. This is one of the highest ratings currently given to any UK life Assurance Company.