News for AVC holders - Prudential's With-Profits Fund Bonus Declaration for 2023

Prudential run our Additional Voluntary Contribution (AVC) scheme. The default fund choice for members is their globally diversified With-Profits Fund. 

The Fund has produced a positive return in the changeable, fast moving economic conditions of 2023. 

The Fund returned 4.3% (gross of tax) over 2023 before charges and the effects of smoothing*. Please see information specific to your Plan to find out more.

This year, Annual Bonus rates have either been increased or maintained at the same level as Prudential declared last year, which will continue to add to the guaranteed benefits of customers’ plans. Most customers will benefit from increases in Final Bonus rates, so will see an increase in the value of their plans compared to last year.

Please visit the Prudential website to:

1. Find out more about how their With-Profits fund works

2. Access the latest bonus declaration information.

*This applies to the main asset pool in the With-Profits Sub-Fund, which is relevant to the vast majority of Prudential customers.