Changes To The Prudential FundsJanuary 10, 2018
If you are a member of the Shropshire County Pension Fund who chooses to purchase Additional Pension Contributions (AVCs) with The Prudential, please make sure you read the below message.
The Prudential are updating some of their funds
The Prudential are updating the risk ratings on some of their funds. Any Prudential members affected will receive a letter informing them of the changes. A blank copy of this letter can be viewed on the Prudential’s website.
Why changes have been made
The Prudential have recently reviewed the risk rating on their funds. As a result, the type of assets that some Prudential funds invest in are considered to be more risky than they have been previously, therefore the decision has been taken to raise the risk rating for these funds.
However, the type of assets that other Prudential funds invest in are thought to be less risky than in the past and the risk rating has been reduced accordingly.
The use of the term ‘risky’ here means bigger swings (going up and down) in the assets’ value.
A bit about fund risk ratings
The Prudential have developed risk rating categories to give members an indication of the potential of reward and risk that is attributable to a fund, based on the assets which may be held within the fund. This can be found in the description on the Prudential’s website.
The Prudential’s advise is that if members feel that the fund continues to meet their financial objectives and their appetite for risk then they don’t need to do anything. But if they would like to consider other funds that might be more suitable, more information is available at www.pru.co.uk/funds
If you have any questions or want to know more about this, you can call the Prudential’s Retirement Specialist Team on 0800 028 1493. Lines are open Monday to Friday, 9am-6pm. You can also visit The Prudential’s website for further information.This entry was posted in AVC (Prudential). Bookmark the permalink. ← Christmas Office Hours Question Of The Month →