The bonds will be available in the UK from 24 December, Prudential said.
The Prudential International Investment Bond (PIIB) and the Prudential International Investment Portfolio (PIIP), as the RDR-ready versions of the IPB and PA are called, are designed to accommodate advisers’ charging their clients for their services, “but many of their features, including Prudential’s range of multi-asset funds, remain consistent with the previous product range”, Prudential International said.
The PIIB, it added, will be able to accommodate those investors who would like the option of adding “an additional ongoing investment adviser charge” as part of their new remuneration structure.
Prudential International will continue to offer the International Prudence Bond and Portfolio Account to clients who are resident outside the UK, and who therefore are not covered by the RDR’s requirements.
Also, UK clients who have IPBs and PAs will be able to continue to top up their existing bonds, if they wish, the company said.
Prudential senior business development manager Paul Fidell said the company was confident that advisers would view the new bonds “very positively”.
