PruFund Investment Plan delivers hearty growth

Prudential UK has announced the first year anniversary figures of its PruFund Investment Plan, and it looks like investors should be beaming.

According to reports, the policy grew in value by over five per cent over the last year, which saw investors receive an 8.4 per cent increase on their policy values.

Prudential UK also said that it the expected growth rate (EGR) for the growth fund is still set at five per cent annually.

Meanwhile Hugh McKee, savings and investments director, told Easier Finance: "Investors in PruFund should be delighted that their investment has grown by over 8% in the first year, as they witness savings rates fall by up to 0.6% in response to the recent base rate cut."

For those thinking of investing, that means £25,000 which was paid into the PuFund Investment Plan at its launch on September 14th 2004 would have grown to £27,112 for the same date this year – assuming no withdrawals were made.