New Product - PruFund raises its growth rate hopes.

Financial Adviser, March, 2006

PRUDENTIAL has increased the expected growth rate for its PruFund investment plan following strong investment returns.

The expected growth rate, which is reviewed quarterly and indicates what investors can expect by way of returns, was upgraded from 5 per cent a year to 5.25 per cent on the back of strong growth in the underlying Prudential fund. In the last year, the PruFund is up 15.6 per cent after tax and fund charges and since launch 17 months ago, the fund is up 18.1 per cent.

As well as the increase to the expected growth rate, the PruFund Growth fund increased by 3.4 per cent and Growth & Income fund increased by 3.6 per cent to 27 February.

Roger Ramsden, executive director for Prudential UK and Europe, said: "An increase in policy...

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