I’ve just cut and pasted this content from an email received this afternoon (25/06/2021) from Prudential about upwards Unit Price Adjustments:
PruFund Series E and Series C funds UPA announcement
At this month’s review, we’ve announced upward Unit Price Adjustments (UPAs) to the Series E (Retirement Account) and Series C (International Portfolio Bond) PruFund range of funds.
On the monthly PruFund Investment Date, a UPA is applied if the unsmoothed price is:
- 4%, or more, higher than the smoothed price, for our PruFund Cautious, PruFund Risk Managed 1 or PruFund Risk Managed 2 funds, or
- 5%, or more, higher than the smoothed price for our PruFund Growth, PruFund Risk Managed 3, PruFund Risk Managed 4 or PruFund Risk Managed 5 funds.
Growth rates aren’t guaranteed. The value of an investment can go down as well as up. Your client may get back less than they have paid in.
This is good news from Prudential as markets and economies recover. It’s still pretty volatile with both headwinds and tailwinds for investments.
Your best option is to remain fully invested and focus on your long-term goals.
Steve Speed DipPFS