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Change Pru pension, Dynamic to Passive
sevenhills
Posts: 5,938 Forumite
I cashed in my private pention of £36k with the Pru last year, leaving £6k in for tax reasons.
I have been very happy with how it performed. I have just received a letter today, its changing from "Dynamic Focused 40-80" to "Risk Managed Passive 4".
I believe the changes relate to a lowered equity holding, up to 55%
Charges go from 0.93% to 0.26%
I don't intend to do anything, just a rather steep decline in charges.
I have been very happy with how it performed. I have just received a letter today, its changing from "Dynamic Focused 40-80" to "Risk Managed Passive 4".
I believe the changes relate to a lowered equity holding, up to 55%
Charges go from 0.93% to 0.26%
I don't intend to do anything, just a rather steep decline in charges.
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