Pru to alter Investment Bond fees

The Prudential is to introduce a further charging structure to its flagship Investment Bond offeri...

The Prudential is to introduce a further charging structure to its flagship Investment Bond offering no initial charge and a lower level of maximum commission. Prudential offers the bond via two charging structures, bid-offer and a nil bid-offer. For bid-offer there is a 5% initial charge and an explicit front end management charge of 1%. On the nil-bid offer structure the charge is spread over five years. The starting allocation is 98% and there is an establishment charge of 1% for each of the first three years. For the bid-offer contract the starting allocation begins at 100% and...