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  • FIRST POST
    • Susy909
    • By Susy909 5th Sep 17, 5:53 PM
    • 31Posts
    • 0Thanks
    Susy909
    Prudential Prufund Growth
    • #1
    • 5th Sep 17, 5:53 PM
    Prudential Prufund Growth 5th Sep 17 at 5:53 PM
    Does anyone know how to access this for SIPP without an IFA

    Any thoughts on the fund?
Page 1
    • Susy909
    • By Susy909 5th Sep 17, 6:36 PM
    • 31 Posts
    • 0 Thanks
    Susy909
    • #2
    • 5th Sep 17, 6:36 PM
    • #2
    • 5th Sep 17, 6:36 PM
    I like it because it does "smoothing", I can't find any funds on HL that do similar.
    • Drp8713
    • By Drp8713 5th Sep 17, 6:37 PM
    • 811 Posts
    • 695 Thanks
    Drp8713
    • #3
    • 5th Sep 17, 6:37 PM
    • #3
    • 5th Sep 17, 6:37 PM
    I have just had a look on trustnet and it seems to just be a bog standard multi asset fund but it charges a massive 1.75%.

    Is there anything especially different about it to justify the cost?

    It is about 50% equities and has returned 40% over the last 5 years.

    I hold RIT Capital Partners, which is also 50% equities and multi asset, and it has returned 70% over the same period.

    I know which one I prefer.
    • dunstonh
    • By dunstonh 5th Sep 17, 6:47 PM
    • 93,386 Posts
    • 60,890 Thanks
    dunstonh
    • #4
    • 5th Sep 17, 6:47 PM
    • #4
    • 5th Sep 17, 6:47 PM
    but it charges a massive 1.75%.

    Is there anything especially different about it to justify the cost?
    Cost depends on how you buy it. However, do remember it is capital security and any investment with capital security costs more as the guarantees have to be paid for. Many investors will consider the cost of the guarantee too high and not required. However, for inexperienced investor with little or no investment knowledge and understanding, they may prefer the comfort of that security.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • Susy909
    • By Susy909 5th Sep 17, 6:59 PM
    • 31 Posts
    • 0 Thanks
    Susy909
    • #5
    • 5th Sep 17, 6:59 PM
    • #5
    • 5th Sep 17, 6:59 PM
    What do you mean capital security?

    I'm finding the prudential website confusing, is this the only way to purchase it?
    • mark5
    • By mark5 6th Sep 17, 2:24 PM
    • 1,203 Posts
    • 818 Thanks
    mark5
    • #6
    • 6th Sep 17, 2:24 PM
    • #6
    • 6th Sep 17, 2:24 PM
    What do you mean capital security?

    I'm finding the prudential website confusing, is this the only way to purchase it?
    Originally posted by Susy909
    There's a guaranteed return of an agreed amount after a set time period.
    • whatsup7
    • By whatsup7 27th Jun 18, 7:29 AM
    • 88 Posts
    • 26 Thanks
    whatsup7
    • #7
    • 27th Jun 18, 7:29 AM
    • #7
    • 27th Jun 18, 7:29 AM
    Did you ever get an answer to your question
    Last edited by whatsup7; 27-06-2018 at 7:30 AM. Reason: Rr
    • atilla
    • By atilla 30th Jun 18, 2:06 PM
    • 839 Posts
    • 710 Thanks
    atilla
    • #8
    • 30th Jun 18, 2:06 PM
    • #8
    • 30th Jun 18, 2:06 PM
    What do you mean capital security?

    I'm finding the prudential website confusing, is this the only way to purchase it?
    Originally posted by Susy909

    As far as i know, it is only available via an IFA/FA
    • Marnico
    • By Marnico 30th Jun 18, 3:02 PM
    • 12 Posts
    • 4 Thanks
    Marnico
    • #9
    • 30th Jun 18, 3:02 PM
    • #9
    • 30th Jun 18, 3:02 PM
    This is one of the options being proposed to me for a DB transfer, with the main rationale being the smoothing effect to reduce the risk of loses. the IFA (who used to work for Pru and seems to mainly deal in their products) mentioned typical returns of 5-7% from the fund..... which seems a bit too good to be true ? Fees 1 - 1.4% + his fee of 0.5% AMC
    • nrsql
    • By nrsql 30th Jun 18, 3:09 PM
    • 1,765 Posts
    • 604 Thanks
    nrsql
    >> the IFA (who used to work for Pru and seems to mainly deal in their products)

    If that is true I would be asking if they are the most appropriate products and what he has compared them against.
    • dunstonh
    • By dunstonh 30th Jun 18, 4:43 PM
    • 93,386 Posts
    • 60,890 Thanks
    dunstonh
    mentioned typical returns of 5-7% from the fund..... which seems a bit too good to be true ?
    5% would be reasonable long term expectation. I have a number of clients that have held (the older versions) for 20 years and exceeded 5%. However, those versions were 1% including adviser remuneration of 0.5%. I havent recommended a prufund since they moved to their higher pricing. I prefer unit linked as the returns on that tend to be higher on a like for like risk basis. That said, I doubt you would be unhappy with Pru fund.

    Plus, do remember that we are now 10 years from credit crunch with very few negative periods. More recent returns have been higher but should not be expected to stay as such.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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