PIA Deferred Distribution GBP Ser B
Performance
Discrete performance - to last month end
| 28/02/21 to 28/02/22 |
28/02/22 to 28/02/23 |
28/02/23 to 28/02/24 |
28/02/24 to 28/02/25 |
28/02/25 to 28/02/26 |
|
|---|---|---|---|---|---|
| Fund | 6.4% | -2.3% | -3.3% | 9.8% | 16.7% |
| Sector | 0.4% | -2.0% | 3.5% | 7.3% | 10.6% |
| Rank | 24/240 | 122/246 | 249/255 | 31/262 | 23/269 |
| Quartile | 1 | 2 | 4 | 1 | 1 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 28/02/26 |
5 Years to 28/02/26 |
10 Years to 28/02/26 |
||
| Fund | 7.4% | 5.2% | 3.8% | |
| Sector | 7.1% | 3.9% | 4.5% | |
| Rank | 117/255 | 56/240 | 111/172 | |
| Quartile | 2 | 1 | 3 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| HSBC HOLDINGS | 4.12 |
| BRITISH AMERICAN TOBACCO P.L.C. | 3.08 |
| ASTRAZENECA | 2.42 |
| IMPERIAL BRANDS | 2.23 |
| SHELL | 2.22 |
| LLOYDS BANKING GROUP | 2.10 |
| RIO TINTO | 2.07 |
| GSK | 1.74 |
| BP P.L.C. | 1.71 |
| NATIONAL GRID | 1.60 |
| Total | 23.30 |
Fund Aims
Objective: The fund aims to deliver capital growth together with reinvested income over the longer term.
Fund Investments: The fund primarily invests in UK equity funds, European (including UK) fixed income funds, UK property funds and cash. These assets are predominantly denominated in sterling.
Fund Manager
The M&G Life Investment Office (LIO) is our team of in-house investment strategists and ‘manager of managers’ for Pru in the UK. They are independent of the various underlying asset management businesses within M&G plc and carry out various stages of the investment process including setting the strategic asset allocation, manager selection and oversight and portfolio management. The team includes investment professionals with expertise in capital market research, investment strategy design, liability management, derivatives and portfolio management.
Fund Overview
| Bid (12/03/2026) | 2.31 |
| Offer (12/03/2026) | 2.43 |
| Fund size (31/01/2026) | £6.05m |
| Number of holdings | 1821 |
| Launch date | 28/10/2005 |
Fund Charges
| Annual Management Charge (AMC) | 1.30% |
| Further Costs | 0.36% |
| Yearly Total | 1.66% |
Asset Allocation
| UK Equities | 42.75% | |
| International Bonds | 19.52% | |
| UK Corporate Bonds | 11.70% | |
| Cash and Equivalents | 5.49% | |
| International Equities | 3.65% | |
| Property | 2.03% | |
| UK Gilts | 2.03% | |
| Investment Trusts | 0.22% | |
| Alternative Trading Strategies | -0.26% | |
| Other Assets | 12.87% |
Commentary
Not currently available.
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in the fund's currency of denomination with gross income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| UK Equities | 42.75% | |
| International Bonds | 19.52% | |
| UK Corporate Bonds | 11.70% | |
| Cash and Equivalents | 5.49% | |
| International Equities | 3.65% | |
| Property | 2.03% | |
| UK Gilts | 2.03% | |
| Investment Trusts | 0.22% | |
| Alternative Trading Strategies | -0.26% | |
| Other Assets | 12.87% |
Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 33.25% | - | - | - | |
| Financials | 17.20% | - | - | - | |
| Banks | - | 7.64% | - | - | |
| Banks | - | - | 7.64% | - | |
| Banks | - | - | - | 7.64% | |
| Insurance | - | 5.72% | - | - | |
| Life Insurance | - | - | 4.15% | - | |
| Life Insurance | - | - | - | 4.15% | |
| Non-life Insurance | - | - | 1.56% | - | |
| Property & Casualty Insurance | - | - | - | 1.22% | |
| Reinsurance | - | - | - | 0.34% | |
| Financial Services | - | 3.85% | - | - | |
| Investment Banking & Brokerage Services | - | - | 2.70% | - | |
| Asset Managers & Custodians | - | - | - | 2.16% | |
| Investment Services | - | - | - | 0.54% | |
| Finance & Credit Services | - | - | 0.92% | - | |
| Mortgage Finance | - | - | - | 0.56% | |
| Consumer Lending | - | - | - | 0.28% | |
| Financial Data & Systems | - | - | - | 0.08% | |
| Equity Investment Instruments | - | - | 0.22% | - | |
| Equity Investment Instruments | - | - | - | 0.22% | |
| Non-Classified | 13.15% | - | - | - | |
| Non-Classified | - | 5.67% | - | - | |
| Non-Classified | - | - | 5.67% | - | |
| Non-Classified | - | - | - | 5.67% | |
| Consumer Staples | 6.52% | - | - | - | |
| Food, Beverage & Tobacco | - | 5.47% | - | - | |
| Tobacco | - | - | 5.31% | - | |
| Tobacco | - | - | - | 5.31% | |
| Food Producers | - | - | 0.16% | - | |
| Food Products | - | - | - | 0.16% | |
| Personal Care, Drug & Grocery Stores | - | 1.05% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.05% | - | |
| Nondurable Household Products | - | - | - | 0.59% | |
| Personal Products | - | - | - | 0.37% | |
| Food Retailers & Wholesalers | - | - | - | 0.08% | |
| Cash and Equivalents | 5.49% | - | - | - | |
| Energy | 4.70% | - | - | - | |
| Energy | - | 4.70% | - | - | |
| Non-Renewable Energy | - | - | 4.70% | - | |
| Integrated Oil & Gas | - | - | - | 3.93% | |
| Oil: Crude Producers | - | - | - | 0.58% | |
| Offshore Drilling & Other Services | - | - | - | 0.19% | |
| Health Care | 4.16% | - | - | - | |
| Health Care | - | 4.16% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 4.16% | - | |
| Pharmaceuticals | - | - | - | 4.16% | |
| Utilities | 3.66% | - | - | - | |
| Utilities | - | 3.66% | - | - | |
| Gas, Water & Multi-utilities | - | - | 2.92% | - | |
| Multi-Utilities | - | - | - | 2.15% | |
| Water | - | - | - | 0.77% | |
| Electricity | - | - | 0.74% | - | |
| Conventional Electricity | - | - | - | 0.74% | |
| Consumer Discretionary | 3.35% | - | - | - | |
| Media | - | 1.21% | - | - | |
| Media | - | - | 1.21% | - | |
| Radio & TV Broadcasters | - | - | - | 0.60% | |
| Publishing | - | - | - | 0.44% | |
| Media Agencies | - | - | - | 0.17% | |
| Consumer Products & Services | - | 0.93% | - | - | |
| Household Goods & Home Construction | - | - | 0.59% | - | |
| Home Construction | - | - | - | 0.59% | |
| Consumer Services | - | - | 0.35% | - | |
| Vending & Catering Service | - | - | - | 0.35% | |
| Retail | - | 0.72% | - | - | |
| Retailers | - | - | 0.72% | - | |
| Home Improvement Retailers | - | - | - | 0.52% | |
| Diversified Retailers | - | - | - | 0.13% | |
| Specialty Retailers | - | - | - | 0.06% | |
| Travel & Leisure | - | 0.49% | - | - | |
| Travel & Leisure | - | - | 0.49% | - | |
| Casinos & Gambling | - | - | - | 0.41% | |
| Recreational Services | - | - | - | 0.08% | |
| Basic Materials | 3.32% | - | - | - | |
| Basic Resources | - | 2.96% | - | - | |
| Industrial Metals & Mining | - | - | 2.59% | - | |
| General Mining | - | - | - | 2.37% | |
| Copper | - | - | - | 0.22% | |
| Industrial Materials | - | - | 0.37% | - | |
| Paper | - | - | - | 0.37% | |
| Chemicals | - | 0.36% | - | - | |
| Chemicals | - | - | 0.36% | - | |
| Specialty Chemicals | - | - | - | 0.36% | |
| Real Estate | 2.19% | - | - | - | |
| Real Estate | - | 2.19% | - | - | |
| Real Estate Investment Trusts | - | - | 2.07% | - | |
| Diversified REITs | - | - | - | 0.77% | |
| Residential REITs | - | - | - | 0.42% | |
| Health Care REITs | - | - | - | 0.38% | |
| Retail REITs | - | - | - | 0.34% | |
| Industrial REITs | - | - | - | 0.12% | |
| Office REITs | - | - | - | 0.03% | |
| Real Estate Investment & Services | - | - | 0.12% | - | |
| Real Estate Holding and Development | - | - | - | 0.12% | |
| Industrials | 1.83% | - | - | - | |
| Industrial Goods & Services | - | 1.35% | - | - | |
| Industrial Engineering | - | - | 0.56% | - | |
| Machinery: Specialty | - | - | - | 0.56% | |
| Industrial Support Services | - | - | 0.46% | - | |
| Professional Business Support Services | - | - | - | 0.31% | |
| Business Training & Employment Agencies | - | - | - | 0.15% | |
| Aerospace & Defence | - | - | 0.19% | - | |
| Defense | - | - | - | 0.19% | |
| Industrial Transportation | - | - | 0.14% | - | |
| Marine Transportation | - | - | - | 0.14% | |
| Construction & Materials | - | 0.47% | - | - | |
| Construction & Materials | - | - | 0.47% | - | |
| Construction | - | - | - | 0.34% | |
| Building Materials: Other | - | - | - | 0.07% | |
| Engineering & Contracting Services | - | - | - | 0.06% | |
| Telecommunications | 0.89% | - | - | - | |
| Telecommunications | - | 0.89% | - | - | |
| Telecommunications Service Providers | - | - | 0.89% | - | |
| Telecommunications Services | - | - | - | 0.89% | |
| Technology | 0.56% | - | - | - | |
| Technology | - | 0.56% | - | - | |
| Software & Computer Services | - | - | 0.56% | - | |
| Consumer Digital Services | - | - | - | 0.29% | |
| Software | - | - | - | 0.26% | |
| Alternative Trading Strategies | -0.26% | - | - | - | |
| Alternative Trading Strategies | - | -0.26% | - | - | |
| Alternative Trading Strategies | - | - | -0.26% | - | |
| Alternative Trading Strategies | - | - | - | -0.26% | |
Regional Allocation
| UK | 57.29% | |
| Developed Europe - Excl UK | 12.17% | |
| North America | 7.70% | |
| Non-Classified | 13.33% | |
| Cash and Equivalents | 5.49% | |
| Property | 2.03% | |
| Japan | 0.65% | |
| Australia & New Zealand | 0.43% | |
| South & Central America | 0.36% | |
| Other Regions | 0.54% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 61.26% | |
| Pound Sterling | 29.36% | |
| Cash | 5.49% | |
| Euro | 2.99% | |
| US Dollar | 0.48% | |
| Unrecognised | 0.42% | |
| Singapore Dollar | 0.01% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 57.29% | - | |
United Kingdom
|
- | 56.48% | |
Guernsey
|
- | 0.41% | |
Isle of Man
|
- | 0.41% | |
| Developed Europe - Excl UK | 12.17% | - | |
France
|
- | 3.83% | |
Germany
|
- | 2.19% | |
Netherlands
|
- | 1.78% | |
Luxembourg
|
- | 1.52% | |
Ireland
|
- | 0.41% | |
Switzerland
|
- | 0.39% | |
Finland
|
- | 0.34% | |
Italy
|
- | 0.34% | |
Sweden
|
- | 0.31% | |
Spain
|
- | 0.29% | |
Denmark
|
- | 0.28% | |
Norway
|
- | 0.26% | |
Belgium
|
- | 0.15% | |
Austria
|
- | 0.03% | |
Iceland
|
- | 0.03% | |
Portugal
|
- | 0.02% | |
| North America | 7.70% | - | |
United States
|
- | 6.70% | |
Canada
|
- | 0.67% | |
Bermuda
|
- | 0.34% | |
| Non-Classified | 13.33% | - | |
| Cash and Equivalents | 5.49% | - | |
| Property | 2.03% | - | |
| Japan | 0.65% | - | |
Japan
|
- | 0.65% | |
| Australia & New Zealand | 0.43% | - | |
Australia
|
- | 0.40% | |
New Zealand
|
- | 0.03% | |
| South & Central America | 0.36% | - | |
Mexico
|
- | 0.26% | |
Venezuela
|
- | 0.11% | |
| Developed Asia | 0.24% | - | |
Hong Kong
|
- | 0.14% | |
Singapore
|
- | 0.10% | |
| Emerging Asia | 0.15% | - | |
Philippines
|
- | 0.15% | |
| Middle East & Africa | 0.09% | - | |
United Arab Emirates
|
- | 0.06% | |
Cote D'Ivoire
|
- | 0.04% | |
| Emerging Europe | 0.05% | - | |
Poland
|
- | 0.02% | |
Hungary
|
- | 0.01% | |
Romania
|
- | 0.01% | |
Croatia
|
- | 0.00% | |
Slovenia
|
- | 0.00% | |
Czech Republic
|
- | 0.00% | |
Breakdown By Market Cap (%)
| Mega |
|
18.95% |
| Large |
|
6.08% |
| Medium |
|
5.28% |
| Small |
|
2.76% |
| Micro |
|
0.77% |
| Non-Classified |
|
27.42% |
| Bonds |
|
33.25% |
| Cash |
|
5.49% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
17.15% |
| 5Yr - 10Yr Maturity |
|
7.02% |
| 10Yr - 15Yr Maturity |
|
3.19% |
| > 15Yr Maturity |
|
5.89% |
| Cash And Equivalents |
|
5.49% |
| Unknown Maturity |
|
7.20% |
| Other Asset Types |
|
54.07% |
Fixed Interest Quality Profile
| AAA |
|
4.72% |
| AA |
|
6.21% |
| A |
|
8.80% |
| BBB |
|
8.78% |
| Sub-Investment Grade |
|
0.34% |
| Unknown Quality |
|
4.41% |
| Cash and Equivalents |
|
5.49% |
| Other Asset Types |
|
61.26% |
Fund Holdings
| Name | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | M&G Dividend Class C GBP | 48.11% | Managed Funds | Managed Funds |
| 2 | M&G Sterling Investment Grade Corporate Bond Class Z2A | 29.40% | Managed Funds | Managed Funds |
| 3 | M&G Feeder of Property Portfolio Class A GBP | 13.39% | Managed Funds | Managed Funds |
| 4 | M&G (Lux) Asian Bond Allocation Fund GBPZ3A Ac | 5.67% | Managed Funds | Managed Funds |
| 5 | M&G European Credit Investment Class A GBP Hedged | 2.86% | Managed Funds | Managed Funds |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | HSBC HOLDINGS | 4.12% | Banks | United Kingdom |
| 2 | BRITISH AMERICAN TOBACCO P.L.C. | 3.08% | Tobacco | United Kingdom |
| 3 | ASTRAZENECA | 2.42% | Pharmaceuticals & Biotechnology | United Kingdom |
| 4 | IMPERIAL BRANDS | 2.23% | Tobacco | United Kingdom |
| 5 | SHELL | 2.22% | Non-Renewable Energy | United Kingdom |
| 6 | LLOYDS BANKING GROUP | 2.10% | Banks | United Kingdom |
| 7 | RIO TINTO | 2.07% | Industrial Metals & Mining | United Kingdom |
| 8 | GSK | 1.74% | Pharmaceuticals & Biotechnology | United Kingdom |
| 9 | BP P.L.C. | 1.71% | Non-Renewable Energy | United Kingdom |
| 10 | NATIONAL GRID | 1.60% | Gas, Water & Multi-utilities | United Kingdom |
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B0MSS85 |
| Mex Code | SBPDEF |
| Isin Code | IE00B0MSS858 |
| Citi Code | TJ78 |
Fund Charges
| Annual Management Charge (AMC) | 1.30% |
| Further Costs | 0.36% |
| Yearly Total | 1.66% |
Aims and Benchmark
| Aims | Objective: The fund aims to deliver capital growth together with reinvested income over the longer term. Fund Investments: The fund primarily invests in UK equity funds, European (including UK) fixed income funds, UK property funds and cash. These assets are predominantly denominated in sterling. |
| Benchmark | Variable |
| ABI Sector | Mixed Investment 20-60% Shares |
Ratings
| FE Crown |  |
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Charges and further costs may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | 1.92 |
| Beta | 0.67 |
| Sharpe | 0.72 |
| Standard Deviation | 5.42 |
| Info Ratio | -0.18 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | Yes |
| Emerging Markets | No |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | Yes |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | No |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | No |
| New Fund | No |
| Solvency of Depository | Yes |
| Solvency of Bond Issuers | Yes |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Charges to Capital
Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s).
High Yield Bonds
The fund invests in high yield bonds. High yield bonds carry a greater risk of default than investment grade bonds, and economic conditions and interest rate movements will have a greater effect on their price. Income levels may not be achieved and the income provided may vary.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Solvency of Depository
The value of a cash or currency fund may be affected if any of the institutions with which cash is deposited becomes insolvent or experiences other financial difficulties.
Solvency of Bond Issuers
If the fund you choose invests in bonds there is a risk that the issuer may default, resulting in a loss to the portfolio.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in the fund's currency of denomination with gross income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
The registered office of Prudential International is in Ireland at Fitzwilliam Court, Leeson Cl, Dublin 2, D02 TC95. Prudential International is a marketing name of Prudential International Assurance plc, a life assurance company operating from Ireland. Registration No. 209956. Prudential International Assurance plc is authorised and regulated by the Central Bank of Ireland and in the context of its UK regulated activities only, is authorised by the Prudential Regulation Authority and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request. Prudential International is part of the same corporate group as The Prudential Assurance Company Limited. Both The Prudential Assurance Company Limited and Prudential International are direct and indirect subsidiaries respectively of M&G plc, a company incorporated in the United Kingdom. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in the United Kingdom.