Guide to Costs and Charges for PruFund Investments

This guide outlines the various costs and charges associated with investing in PruFund, a product designed for UK advisers and their clients. It explains the different types of charges, including the Annual Management Charge (AMC), product charges, adviser charges, and further costs related to fund administration. The guide details how these charges are applied and disclosed, emphasizing that some costs are reflected in the overall performance of PruFund rather than being explicitly deducted from the investment. Additionally, it describes the smoothing process used in PruFund investments, which aims to mitigate the impact of market volatility on returns. The guide also addresses the Expected Growth Rates (EGRs) and Unit Price Adjustments (UPAs) that influence the investment journey. It clarifies the disclosure practices for various product sets and the rationale behind not including certain costs in illustrations, ensuring compliance with relevant regulations. Overall, the document serves as a comprehensive resource for understanding the financial implications of PruFund investments.