Adviser Guide to Investment Options and Fund Choice

Transcription

1 For Adviser use only not approved for use with clients Adviser Guide Adviser Guide to Investment Options and Fund Choice Including: Life Funds Pension Funds Prudential International Funds Collective Funds

2

3 We provide a number of investment options that can help you meet both you and your clients needs through a range of investment approaches and products. In this guide we ll provide you with more details on these options. How much fund choice do you need? There are numerous investment solutions available today, each aiming to meet the needs of you and your clients. These could include: Multi-Asset Funds these offer the ability to outsource the day-to-day asset allocation and fund selection decisions by using an actively-managed multi-asset fund or portfolio. Selected Provider Fund Choices with continual review and research a close understanding of a provider s in-house investment approach can be developed, making it easier to identify options that meet investors needs. Open Architecture with access to a partial or full universe of funds this option gives very wide choice; however you need to commit your time and skills to review all these funds and make the proper recommendations. Adviser Guide to Investment Options and Fund Choice 3

4 Our Investment Proposition At Prudential we think our investment proposition provides you with access to the best features of these approaches. Fund Options Pages 6-7 Multi-asset funds A range of multi-asset options: Dynamic Focused Portfolios Dynamic Portfolios PruFund With-Profits Pages 8-13 Additional fund choice A range of different funds to meet different needs Page 14 Open architecture Options of either: SIPP Prudential International Investment Portfolio Prudential Onshore Portfolio Bond The investment options available for Prudential Retirement Account aren't included in this brochure. For information on those options then please visit pruadviser.co.uk/retirement-pensions/retirement-account For further information on fund availability This guide aims to indicate fund availability through our current product range. Please either speak to your Prudential Account Manager or refer to the relevant fund guides for full details of the funds available on each of the products we offer. 4 Adviser Guide to Investment Options and Fund Choice

5 Prudential Portfolio Management Group Ltd (PPMG) We believe in the importance of asset allocation and appreciate that there has been a strong demand for multi-asset solutions. For both Prudential and Prudential International funds we have a strong team of in-house experts, the Prudential Portfolio Management Group (PPMG), who are entrusted with the day-to-day asset allocation decisions for 180 billion (end September 2017) of investors money. The members of PPMG are our in-house investment strategists and manager of managers. They're independent of the various underlying asset management businesses within the Prudential Group. PPMG are a team of nearly 80 including experienced investment professionals with specialist expertise in capital market research, investment strategy design, liability management, alternative investments and portfolio management. Global Reach The Prudential Group is a global organisation with specialist fund managers around the world. PPMG monitors and reviews the performance of each of these fund management specialists, and also allocates money to them to manage as part of our multi-asset funds. M&G RE MAGIM PPMG PPM America EI (Hong Kong) EI (Singapore) PPM South Africa PPM = Prudential Portfolio Management M&G RE = M&G Real Estate EI = Eastspring Investments MAGIM = M&G Investment Managers PPMG = Prudential Portfolio Management Group For further information on PPMG Our Multi Asset Governance Report details more on PPMG, and is available on pruadviser.co.uk code INVG Adviser Guide to Investment Options and Fund Choice 5

6 PPMG Multi-Asset Funds These funds are mainly available through our Prudential Investment Plan, Flexible Retirement Plan, Trustee Investment Plan, International Prudence Bond, Prudential International Investment Bond and for some funds as an ISA or a direct investment in the fund. The information in this section is intended to indicate fund availability through our current product range. Fund ranges for other, older Prudential products aren't covered by this document. Please either speak to your Prudential Account Manager or refer to the relevant fund guides for full details of the funds available on each product. Prudential Investment Plan Dynamic Focused Portfolios Dynamic Focused 0-30 Portfolio, Dynamic Focused Portfolio. Dynamic Portfolios Dynamic 0-30 Portfolio, Dynamic Portfolio, Dynamic Portfolio, Dynamic Portfolio, Dynamic Portfolio. Flexible Retirement Plan Dynamic 0-30 Portfolio, Dynamic Portfolio. Dynamic 0-30 Portfolio, Dynamic Portfolio, Dynamic Portfolio, Dynamic Portfolio, Dynamic Portfolio. Trustee Investment Plan Dynamic Focused 0-30 Portfolio. n/a International Prudence Bond*** Prudential International Investment Bond Collective Investments ISA For further information Dynamic Focused 0-30 Portfolio, Dynamic Focused Portfolio. Dynamic Focused 0-30 Portfolio, Dynamic Focused Portfolio. Dynamic Focused 0-30 Portfolio, Dynamic Focused Portfolio, Dynamic Focused Portfolio, Dynamic Focused Portfolio, Dynamic Focused Portfolio. Dynamic Focused 0-30 Portfolio, Dynamic Focused Portfolio, Dynamic Focused Portfolio, Dynamic Focused Portfolio, Dynamic Focused Portfolio. pruadviser.co.uk/funds/dynamic-focusedportfolios Dynamic 0-30 Portfolio, Dynamic Portfolio, Dynamic Portfolio, Dynamic Portfolio, Dynamic Portfolio. Dynamic 0-30 Portfolio, Dynamic Portfolio, Dynamic Portfolio, Dynamic Portfolio, Dynamic Portfolio. Dynamic 0-30 Portfolio, Dynamic Portfolio, Dynamic Portfolio, Dynamic Portfolio, Dynamic Portfolio. Dynamic 0-30 Portfolio, Dynamic Portfolio, Dynamic Portfolio, Dynamic Portfolio, Dynamic Portfolio. pruadviser.co.uk/funds/dynamic-portfolios * PruFund Funds either invest or are reinsured into Prudential's With-Profits Fund. The returns on these funds may differ from the returns on the With-Profits Fund due to the smoothing process used and differences in the asset mix/the fund objectives. ** Available to new and existing customers who originally took their plan out after 31 December If you choose a PruFund Protected Fund, you will be able to select from a range of guarantee terms, where the guarantee will only apply at the end of the selected guarantee term (the Guarantee Date). Each guarantee term has its own charge which will be payable for the whole of the guarantee term. For full details of the guarantee terms available and the associated charges, please refer to the document PruFund Range of Funds: Guarantee Options INVS You can get a copy of this from your Account Manager or from pru.co.uk *** Only available to non-uk residents. 6 Adviser Guide to Investment Options and Fund Choice

7 Dynamic Focused Portfolios PruFund* PruFund 0-30, PruFund 10-40, PruFund 20-55, PruFund 40-80, PruFund Growth and Protected Growth, PruFund Cautious and Protected Cautious. PruFund 0-30, PruFund 10-40, PruFund 20-55, PruFund 40-80, PruFund Growth and Protected Growth, PruFund Cautious and Protected Cautious. PruFund 0-30, PruFund 10-40, PruFund 20-55, PruFund 40-80, PruFund Growth and Protected Growth**, PruFund Cautious and Protected Cautious**. With-Profits Optimum Bonus With-Profits,* Optimum Return With-Profits.* With-Profits. With-Profits. Prudential Investment Plan Flexible Retirement Plan Trustee Investment Plan PruFund Growth and Protected Growth, PruFund Cautious and Protected Cautious, (each with Sterling, Euro and US Dollar versions). PAC Sterling With-Profits,** PAC Euro With-Profits,** PAC US Dollar With-Profits.** International Prudence Bond*** PruFund Growth and Protected Growth, PruFund Cautious and Protected Cautious, (each with Sterling, Euro and US Dollar versions) PAC Sterling With-Profits,** PAC Euro With-Profits,** PAC US Dollar With-Profits.** Prudential International Investment Bond n/a n/a Collective Investments PruFund 0-30, PruFund 10-40, PruFund 20-55, PruFund 40-80, PruFund Growth and PruFund Cautious. n/a ISA pruadviser.co.uk/funds/prufund pruadviser.co.uk/funds/with-profits For further information + Access to the Prudential With-Profits Optimum Return and Optimum Bonus Funds is no longer available to new customers investing in Prudential Investment Plan on or after 11/09/2017. Existing customers, pre 11/09/2017, will still be able to top up or switch into the Prudential With-Profits Optimum Return Fund and the Prudential With-Profits Optimum Bonus Fund. + + Access to the Prudential PAC Sterling. PAC Euro and PAC US Dollar With-Profits Funds is no longer available to new customers investing in Prudential International Investment Bond or International Prudence Bond on or after 11/09/2017. Existing customers, pre 11/09/2017, will still be able to top up or switch into the Prudential With-Profits PAC Sterling, PAC Euro and PAC US Dollar Funds. Adviser Guide to Investment Options and Fund Choice 7

8 Additional Fund Choice (Prudential Investment Plan and Flexible Retirement Plan) Over the years we've built a range of funds to meet different needs. These include funds from both Prudential and also external fund managers. Many of these funds target specific needs such as natural income paying distribution funds for onshore bonds. The following funds are available through our Prudential Investment Plan and Flexible Retirement Plan. The additional fund choice for Trustee Investment Plan and International Investments is shown on pages 12 and 13. Prudential Funds Prudential Investment Plan Flexible Retirement Plan 0-35% Equity Managed Distribution 95% Safeguard* Aberdeen Japan Equity Artemis European Growth Artemis Global Growth Artemis High Income Artemis Income Artemis Strategic Bond Artemis UK Select Artemis UK Smaller Companies Artemis UK Special Situations Aviva Investors Property Trust AXA Framlington UK Select Opportunities Baillie Gifford American Baillie Gifford High Yield Bond BlackRock Gold & General BlackRock UK BlackRock UK Special Situations Cash Corporate Bond* Corporate Bond (Income) Equity European * This fund is only open to existing investors in the fund. For further information on fund availability The information in this section is intended to indicate fund availability through our current product range. Please either speak to your Prudential Account Manager or refer to the relevant fund guides for full details of the funds available to each product. 8 Adviser Guide to Investment Options and Fund Choice

9 Prudential Funds Prudential Investment Plan Flexible Retirement Plan European Tracker Fidelity Asia Fidelity European Fidelity MoneyBuilder Income Fixed Interest Fixed Interest (Inc) Global Emerging Markets Portfolio International Invesco Perpetual Corporate Bond Invesco Perpetual Distribution Invesco Perpetual Global Bond Invesco Perpetual High Income Invesco Perpetual Income Invesco Perpetual Income (Inc) Invesco Perpetual Managed Growth Invesco Perpetual Monthly Income Plus Invesco Perpetual UK Growth Investec Cautious Managed Investec Global Strategic Equity Janus Henderson Cautious Managed Janus Henderson China Opportunities Janus Henderson European Growth Janus Henderson European Selected Opportunities Janus Henderson Preference and Bond Japanese JP Morgan Europe Dynamic (ex UK) Kames Strategic Bond Kames UK Opportunities L&G UK Property M&G Corporate Bond M&G Dividend M&G Dividend (Inc) M&G Episode Allocation M&G Episode Growth Adviser Guide to Investment Options and Fund Choice 9

10 Additional Fund Choice (Prudential Investment Plan and Flexible Retirement Plan) continued Prudential Funds Prudential Investment Plan Flexible Retirement Plan M&G Gilt & Fixed Interest Income M&G Global High Yield Bond M&G Global High Yield Bond (Inc) M&G Global Leaders M&G Managed Growth M&G Property Portfolio M&G Property Portfolio (Inc) M&G Recovery M&G Smaller Companies M&G Strategic Corporate Bond M&G UK Equity Income* M&G UK Select Man GLG Japan CoreAlpha Managed Managed Distribution Newton Continental European Newton Global Equity Newton Global Income Newton Multi-Asset Balanced North American Old Mutual UK Mid Cap Pacific Markets Prudential FP Verbatim Portfolio 3 Prudential FP Verbatim Portfolio 4 Prudential FP Verbatim Portfolio 5 Growth Prudential FP Verbatim Portfolio 5 Income Prudential FP Verbatim Portfolio 6 Prudential FP Verbatim Portfolio 7 Prudential JP Morgan Natural Resources Prudential JP Morgan US Prudential Jupiter European Special Situations Prudential Jupiter Merlin Balanced Portfolio Prudential Jupiter Merlin Growth Portfolio * This fund is only open to existing investors in the fund. 10 Adviser Guide to Investment Options and Fund Choice

11 Prudential Funds Prudential Investment Plan Flexible Retirement Plan Prudential Jupiter Merlin Worldwide Portfolio Prudential Jupiter UK Growth Prudential Kames Ethical Equity Prudential Kames Investment Grade Bond Royal London Sustainable Leaders Schroder Income Schroder Tokyo Schroder UK Smaller Companies Schroder US Mid Cap Standard Life Global Absolute Return Strategies Stewart Investors Asia Pacific Leaders Strategic Growth UK Equity and Bond UK Tracker Adviser Guide to Investment Options and Fund Choice 11

12 Additional Fund Choice (Trustee Investment Plan, International Prudence Bond and Prudential International Investment Bond) The following funds are available through our Trustee Investment Plan, International Prudence Bond, Prudential International Investment Bond and for some funds as an ISA or a direct investment in the fund. International Prudence bond is only open to non-uk residents. Prudential/Prudential International Funds and Trusts Trustee Investment Plan International Prudence Bond Prudential International Investment Bond Prudential fund managers 95% Safeguard * Balanced Managed (Sterling) Balanced Managed (US Dollar) Cash Corporate Bond* Deferred Distribution (Euro) Deferred Distribution (Sterling) Deferred Distribution (US Dollar) Equity Euro Deposit European European Index Tracker Fixed Interest International Japanese Managed Managed Defensive (Euro) Managed Defensive (USD) Managed Distribution North America/North American Pacific Markets UK Deposit UK Equity & Bond US Dollar Deposit * This fund is only open to existing investors in the fund. 12 Adviser Guide to Investment Options and Fund Choice

13 Prudential/Prudential International Funds and Trusts Trustee Investment Plan International Prudence Bond Prudential International Investment Bond Other fund managers Baring Hong Kong China (US Dollar) Fidelity Euro Balanced (Euro) Fidelity Global Focus (US Dollar) Fidelity Global Focus (Sterling) HSBC Chinese Equity (US Dollar) HSBC Indian Equity (US Dollar) HSBC Islamic Global Equity Index (US Dollar) Invesco Perpetual Income Invesco Perpetual Managed Growth M&G Asian M&G Corporate Bond M&G Dividend M&G Episode Allocation M&G Episode Growth M&G Gilt & Fixed Interest Income M&G Global High Yield Bond M&G Global Select M&G Managed Growth M&G Property M&G Property Portfolio M&G Smaller Companies M&G UK Equity Income* Mellon Global Bond (US Dollar) Morgan Stanley European Property (Euro) Newton Global Equity Newton Multi-Asset Balanced * This fund is only open to existing investors in the fund. Adviser Guide to Investment Options and Fund Choice 13

14 Open Architecture Flexible Retirement Plan SIPP Options The SIPP options are available with the Flexible Retirement Plan and can be accessed through both the personal pension and income drawdown plans. It offers the following benefits for you and your clients: Full SIPP option > An extensive range of investment options with the ability to invest directly into commercial property, discretionary asset managers, stocks, shares, unit trusts, OEICs and the Cofunds fund range. Fund SIPP option > Lower cost option for clients who only want access to funds from the Cofunds range (subject to investing in a maximum of 20 funds). Prudential International Investment Portfolio The Prudential International Investment Portfolio (PIIP) from Prudential International is a single premium portfolio bond that provides your clients with the opportunity to invest in over 2,500 funds creating their own unique portfolio. The PIIP has features such as: > Three charging options so you can discuss the structure that best suits your clients' needs > Annual management charge rebates*, which are accrued daily and credited to your clients' deposit accounts on a quarterly basis, which effectively increases the investment return for your clients > Discounted fund terms, so your clients get maximum value from their investment. * The annual management charge rebates aren't guaranteed and are subject to change. 14 Adviser Guide to Investment Options and Fund Choice

15 Other Factors To Consider Investment choice is important and there are other factors to consider. For example: Trusts > We aim to help you find the right approach to meet your clients' needs by offering a range of trusts. We've also developed detailed support and reference material that help to explain all the options and the rules that apply to them. Product choice We offer a range of products with the different taxation options these provide, including: > Prudential Investment Plan an onshore bond that helps you to shape the product charging structure and Adviser Charges > The Prudential Onshore Portfolio Bond is available on a number of investment platforms. The bond offers access to the range of assets available on the selected platform > Flexible Retirement Plan an account style personal pension with income drawdown and SIPP options > Trustee Investment Plan investment choice and control for pension scheme trustees > Prudential International Investment Portfolio portfolio bond with three charging options and access to over 2,500 funds > Prudential International Investment Bond and International Prudence Bond (non-uk residents only) from Prudential International are investment bonds with a range of features and options The investment options available for Prudential Retirement Account aren't included in this brochure. For information on those options then please visit pruadviser.co.uk/retirement-pensions/retirement-account For further information To find out more please either talk to your Prudential Account Manager or visit pruadviser.co.uk Adviser Guide to Investment Options and Fund Choice 15

16 "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. This name is also used by other companies within the Prudential Group. Registered office at Laurence Pountney Hill, London EC4R 0HH. Registered number Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. INVG /2018