We're part of the Financial Services Compensation Scheme (FSCS). The scheme is set-up to protect you.
If we get into financial difficulties which may affect our ability to pay your claim, you may be eligible to receive compensation under the FSCS.
Are the products Prudential offercovered by the Financial Services Compensation Scheme (FSCS)?
Yes.The products offered by the Prudential Assurance Company Limited (PACL) and other UK authorised and regulated firms in M&G plc are subject to the FSCS. You may be able to make a claim if Prudential is unable to meet its financial obligations.
It’s important to know though that the scope and amount of cover does depend on the type of policy involved, and also the funds selected. You’ll find more information below in the section titled “Are there limits to the compensation payable by the FSCS?”.
Is Prudential International Assurance plc (PIA) covered by the Financial Services Compensation Scheme?
Prudential International Investment Bond, Prudential International Investment Portfolio, Prudential International Prudence Bond and the International Portfolio Bond.
For eligible policyholders habitually resident in the UK, FSCS will apply for policies taken out anytime from 1 December 2001 up until close of business on the 31 December 2020. For any policy issued during this period, additional investments (top-ups) made pre or post 31 December 2020 will also be covered by the FSCS.
Policyholders of a UK policy issued before 2001, may be eligible to make a claim, but since such a policy was taken out before the FSCS regime commenced, they should check their eligibility directly with FSCS.
Any policies issued after 31 December 2020, are not covered by a government-backed financial guarantee scheme, including FSCS in the UK.
Prudential Onshore Portfolio Bond.
For eligible policyholders habitually resident in the UK, FSCS will apply for policies taken out on or after 1 December 2001.
Are there limits to the compensation payable by the FSCS?
Yes. The FSCS operates different levels of compensation. The scope and amount of cover available depends onthe type of policy involved and the funds selected.
