Prudential International was founded in 1848 as a loans and life assurance company. Today, they are a part of M&G plc, a family of brands aligned to manage customers' savings and investments.
Prudential plc is an international financial services group with significant operations in Asia, the US and the United Kingdom. They also have operations in 13 markets, serving the emerging middle class families of the region’s outperforming economies.
The Group is structured around four main business units: Prudential Corporation Asia, Jackson National Life Insurance Company, Prudential UK and M&G.
Prudential is listed on stock exchanges in London, Hong Kong, Singapore and New York.
This product is provided by Prudential International who are based in Dublin. They claim to offer flexibility along with a wide range of investment choice. Prudential claims that investments with them grow largely free from tax which could result in a potentially higher return than investments in UK-based funds.
Please note that this isn’t guaranteed and there is the potential that you might not get back the amount you put in.
Prudential International's Portfolio Bond has two types:
Let's have a look at what each of these entail.
1. The International Portfolio Bond - Lives assured version:
2. The International Portfolio Bond - Capital redemption version:
Costs and charging of the Portfolio Bond can be summarised below:
This table shows the impact on return per year (%)
|One-off costs||Entry costs||0.00% - 0.53%|
|Exit costs||0.00% - 0.00%|
|Ongoing costs||Portfolio transaction costs||0.00% - 0.77%|
|Other ongoing costs||0.05% - 5.51%|
|Incidental costs||Performance fees||0.00% - 0.77%|
|Carried interests||0.00% - 0.00%|
Additionally, here's a free guide that can help you achieve better results. In this guide, you'll learn:
Prudential International exceeds its capital requirements and is financially strong.
However, in the unlikely event that Prudential
International, the fund manager, Prudential in the UK or the custodian of fund assets should fail to meet their financial obligations, you may face financial loss.
Prudential International products will not be covered by a government-backed financial guarantee scheme, including the FSCS in the UK.
This product is intended for investors looking to invest a single lump sum over the medium to long-term although the investment profile and the type of investor it is suitable for varies depending on the chosen underlying investment option.
My adviser managed to roll his charges up in such a way that I was oblivious to how much I was really paying.
If I had not paid out so much at inception I think this would not have turned out the way it did...regret not doing more research beforehand.
If you already have the Portfolio Bond from Prudential International, and it is worth £500,000 or more, we strongly recommend you seek a Second Opinion to ensure you are on track to get and keep the life you want.
This product is commonly mis-sold, mis-used and expensive.