Prudential AVC Exit Charges
Prudential have recently announced that their policy on exit charges will change with effect from 19 March 2017.
Members whose first contribution is received on, or after 19 March 2017 will no longer be subject to an exit charge regardless of age. Due to the time that elapses from a new application being processed, instruction being sent to payroll and first deduction being sent to Prudential, this effectively means that any new applicant from today will be exempt from any exit charge.
Members whose first contribution is received prior to the 19th March 2017 will have their exit charge capped at 1% for the first 3 years and 0% thereafter regardless of age.