Market Value Reduction (MVR)

dunstonh

You must have missed how much advised money goes into PruFund. (Not sure what Dunstonh means by "WP funds had gone long before [2012]", they're very much alive and well.)

I don't class the modern day prufund as a with profits fund in the sense it is being referred to here.      I still have clients in the old Pru WP fund from the early 2000s (when it was 1% p.a. with better capital protections and that included the adviser remuneration).   Those Pru WP funds just do exactly what is needed of them. Old fashioned but well worth it.    Unlike the modern day Pru fund which is oversold to people who should not be in it and works in a different way to the old WP fund.