PRUFUND DELIVERS HIGH RETURNS
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| Article date: 21/09/2005 : 17:40:38 |
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Members of the Prufund Investment Plan have enjoyed growth ahead of expectations in during the first year of the product.
According to Prudential, after tax and fund charges, policyholders experienced a total annual growth of 8.4 per cent in the first year.
The news for prospective investors is that Prudential have held the Expected Growth Rate at five per cent p.a. for the next quarter.
Hugh McKee, savings and investments director at Prudential UK, commented: "Investors in PruFund should be delighted that their investment has grown by over eight per cent in the first year, as they witness savings rates fall by up to 0.6 per cent in response to the recent base rate cut."
The rate means that £25,000 invested in the PruFund Growth Fund on September 14th 2004 will have grown to £27,112 a year later.
"Our focus with PruFund was to ignite the long-term savings market by offering a diversified balanced investment with greater transparency and the potential for strong returns that are backed by a proven investment record from a financially strong provider," concluded Mr McKee.
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