Dynamic Portfolios

There are five Dynamic Portfolios. Each of these is a "fund of funds", which means that it invests in a collection of funds that are themselves run by some of the foremost investment managers in the country. They combine the expertise of the Prudential Group's Portfolio Management Group, which has considerable experience of asset allocation and Morningstar OBSR who are an independent research company.

The portfolios are risk-graded, representing different profiles from defensive to adventurous. These can help you plan for particular investment objectives.

These funds also benefit from the following:

• You can buy funds in euro, sterling or US dollars, which could be useful if you decide to move abroad in future
• There's a minimum allocation rate of 100%, so all of your money goes directly into your investment. In addition, if you invest more than £75,000 we'll add 0.5% of the bond value and if you invest over £150,000, we'll give you 1.5% of the bond value
• An Annual Growth Reward - which enhances the growth potential of your investment by adding an extra 0.1% of the bond value from the end of year one, where no regular or partial withdrawals are made
• You can start your investment with £20,000, €25,000 or $35,000 and can top up from £15,000, €20,000 or $25,000
• You can access your investment when you need to, potentially subject to charges
• You can make 20 free switches in any 12-month rolling period

Note that the value of your investment can go down as well as up and you may not get back the full amount of your investment.

Further information

For more information on the PAC Dynamic Portfolios, please see the following documents or speak to your financial adviser.