PMT Forum

News: Always Present! ka ba? Sign the OCTOBER 2014 Attendance Sheet for at least 20 days this month and earn your Always Present award! :watchuthink:

Search Money Investments
Shortcut to PMT Forum topics!

Click LIKE, TWEET or +1 to earn PMT Badges!

Author Topic: HELP: Is PRU Life UK in trouble?  (Read 13303 times)

Offline milo012007

  • Newbie
  • *
    • Awards
HELP: Is PRU Life UK in trouble?
« on: Jul 09, 2008, 03:24 PM »
  • Publish
  • I need some info with PRU life UK.  I invested in PRU Life UK's Bond Fund - USD in 2005 and Bond Fund - PHP just last year.  After my PHP bond fund turned 1 year, i was forced to withdraw my investment since i lost more than 25% of the fund but I still left my USD bond fund with them.

    Now, based on the performance of my USD bond fund, it would seem that i am losing 1.3% per week! O am really frustrated because when i talk to their call center (8875433, 8570707, 8848484), they could not answer my questions like where are they investing my money? they said that they are investing in stocks but it's my understanding that only a small % of the fund is invested in stocks. they could not answer where exactly they invest the money.  I dont want to wait 1 year for their delayed yearly report to get my answers!

    It didn't help that my agent left the country and the contact person she gave, another agent, is not reachable most of the time and when i get the chance to talk to her, does not get back to me as per our agreement for the answers to my questions.

    I also got some info on the news yesterday that an investor connected with PRU LIFE Uk is being investigated in connection with the Fertilizer Scam.

    Please help me, do I pull out my USD investment with PRU LIFE UK? It seems that all of the gains that I got last 3 years from my USD bon fund has been wiped out already. I just recently did a top up, can I demand to cancel my top up given the lousy service that they are providing me?  I was surprised that they deducted 15% initial fee from my top up which is very different from the 5% that they advertise.  And again, their call center or agents could not answer me why the deductions amounted to 15%!

    For the seasoned investors, Please help me with your important advise.. =(

           
       

    Offline freedomfighter

    • Forum Expert
    • ****
      • Awards
    Re: HELP: Is PRU Life UK in trouble?
    « Reply #1 on: Jul 09, 2008, 04:52 PM »
  • Publish
  • « Last Edit: Jul 09, 2008, 05:00 PM by freedomfighter »
    'If you fail to plan, you plan to fail. Protect your dreams, NOW!'  contact me at 0922-8803858 thonycoors7@yahoo.com and anthony.s.cura@sunlife.com.ph

    Offline SirYuri90

    • Posting Guru
    • ***
    • Gender: Male
    • Yes!!!
      • Awards
    Re: HELP: Is PRU Life UK in trouble?
    « Reply #2 on: Jul 09, 2008, 06:01 PM »
  • Publish
  • i suggest to try finding an alternative...
    "Discipline is the basic set of tools we require to solve life's problems. Without discipline we can solve nothing. With only some discipline we can solve only some problems. With total disci

    PMT Forum

    Re: HELP: Is PRU Life UK in trouble?
    « Reply #2 on: Jul 09, 2008, 06:01 PM »


    * * * * * sponsored links * * * * *

    Offline voltes5

    • Posting Whiz
    • **
    • Gender: Male
    • B4 borrowing from a friend, decide hu u need more
      • Awards
    Re: HELP: Is PRU Life UK in trouble?
    « Reply #3 on: Jul 09, 2008, 07:51 PM »
  • Publish
  • maybe you invested it in an equity laced vul, i think every month they deduct from you premiums for the insurance part. maybe what your looking for is a mutual fund or uitf investment.
    "In this country you gotta make the money first. Then when you get the money, you get the power. Then when you get the power, then you get the women."

    Offline freedomfighter

    • Forum Expert
    • ****
      • Awards
    Re: HELP: Is PRU Life UK in trouble?
    « Reply #4 on: Jul 09, 2008, 08:13 PM »
  • Publish
  • « Last Edit: Jul 09, 2008, 08:28 PM by freedomfighter »
    'If you fail to plan, you plan to fail. Protect your dreams, NOW!'  contact me at 0922-8803858 thonycoors7@yahoo.com and anthony.s.cura@sunlife.com.ph

    Offline edwinfriend

    • Newbie
    • *
      • Awards
    Re: HELP: Is PRU Life UK in trouble?
    « Reply #5 on: Jul 10, 2008, 10:31 AM »
  • Publish

  • Offline bauer

    • VIP Member
    • *
    • Awards Member of the Month PMT Lounge Addict Banking and Insurance Boss Investments Idol PSE Stock Trader Real Estate Mogul Member since 2008 Stocks Superstar
      • Awards
    Re: HELP: Is PRU Life UK in trouble?
    « Reply #6 on: Jul 11, 2008, 01:35 PM »
  • Publish
  • milo,

    mukhang tama si voltes5, baka naman mutual fund type investment yan na may kasamang insurance.  pag may insurance talaga, may premium payments. baka yun ang ibinabawas sa account mo.  kung wala na ang agent mo, then check your policy or contract. read all the terms (specially small fonts).

    ok naman ang prulife pati rin sunlife.

    kung uitf type of funds naman yan, normally, and bond fund ay maliit ang earnings pero i dont think na mag negative sya kasi when you say bonds (its either government or corporate loans) unless puro corpo loans ang investment at nalugi ang kumpanya kaya bumaba ang unit value.

    again pls check all your documents given by prulife UK

    Offline foolcha

    • Posting Whiz
    • **
    • Gender: Male
      • Awards
    Re: HELP: Is PRU Life UK in trouble?
    « Reply #7 on: Jul 24, 2008, 08:43 AM »
  • Publish

  • milo,

    kung uitf type of funds naman yan, normally, and bond fund ay maliit ang earnings pero i dont think na mag negative sya kasi when you say bonds (its either government or corporate loans) unless puro corpo loans ang investment at nalugi ang kumpanya kaya bumaba ang unit value.

    again pls check all your documents given by prulife UK


    No, it doesn't work that way with bonds or any other fixed income investments. UITF/Mutual Funds/VUL uses MTM valuation. So if you are invested in a bond/money market fund, the return of the fund will be dependent on the interest rates, if interest rate went up it will have a negative effect on the fund.
    « Last Edit: Jul 24, 2008, 08:44 AM by foolcha »

    Re: HELP: Is PRU Life UK in trouble?
    « Reply #8 on: Aug 14, 2008, 04:10 PM »
  • Publish
  • Milo,

    I suggest you wait for the annual report to policy holders.  There you will see the Portfolio Statement of the Prulink USD Bond Fund.  You will see the breakdown of the specific dollar bonds PRULIFE UK invests in.  

    If you see the portfolio profile, it is invested in US Dollar Bond accounts of the Philippine Gov't, Landbank, Development Bank, US treasury and PLDT.

    88% are invested in Phil Gov't Bonds, 8% in Phil. Quasi Gov't Bonds, 1% in US Gov't Bonds, 1% Cash, 2% Phil. Corp. bonds.

    So if the Call center agents would reply you with this details, you will be left hanging and confused with all this technical stuff!

    The bottom line is that your money is invested in Dollar Bond Funds.  What is happening to Pru Life UK, is common to all investments of this type in all companies engaged in VUL products, given the economic situation of the US right now.

    And VUL products are usually medium to long term investments, since you said you only invested last year, it was best to make you investment recover since bonds are the safest compared to equities.  

    It is best to contact any Pru Life Branch near you and request for an agent that could best serve you.
    Posted on: Aug 14, 2008, 04:02 PM
    Milo,

    Visit the government website : www.insurance.gov.ph.  

    There you will see the financial standings and statistics of insurance companies. :hello:

    Offline bauer

    • VIP Member
    • *
    • Awards Member of the Month PMT Lounge Addict Banking and Insurance Boss Investments Idol PSE Stock Trader Real Estate Mogul Member since 2008 Stocks Superstar
      • Awards
    Re: HELP: Is PRU Life UK in trouble?
    « Reply #9 on: Aug 19, 2008, 03:42 PM »
  • Publish
  • foolcha,

    you are right mark to market ang bond and fixed income fund. hindi ko lang maintindihan kung bakit kailangang bumaba nang husto or mag negative ang returns mo sa daily price per unit.  pero yung principle na "when interest are up, bond prices goes down" e tama rin. iba lang ang naisip kong "tamang computation".  

    anyway, that's why i am now avoiding uitf na bonds or fixed income funds precisely for the said reasons.

    Offline mikedg

    • Junior Member
    • *
      • Awards
    Re: HELP: Is PRU Life UK in trouble?
    « Reply #10 on: Sep 13, 2008, 07:56 PM »
  • Publish

  • foolcha,

    you are right mark to market ang bond and fixed income fund. hindi ko lang maintindihan kung bakit kailangang bumaba nang husto or mag negative ang returns mo sa daily price per unit.  pero yung principle na "when interest are up, bond prices goes down" e tama rin. iba lang ang naisip kong "tamang computation".  

    anyway, that's why i am now avoiding uitf na bonds or fixed income funds precisely for the said reasons.


    Hi bauer!!
     
    I would like to invite to take a peek on the Land Banking Investment opportunity at www.waltoninternational.com... It is a good alternative in diversifying your investment portfolio. No correlation on stock volatility. And we are already here in the Philippines through Priority Wealth International Group, exclusive distributor of properties of Walton International Group. A 23.55% AUDITED simple annualized return, 30 years of expertise!
     
    If you want to know more on it, just send me a message, and I can help you on it. or just text or call me at (+63) 915 428 0677.

    Hoping a response from you bauer.
     
    Thanks and Godbless!
     

    Offline ianiiii

    • Newbie
    • *
      • Awards
    Re: HELP: Is PRU Life UK in trouble?
    « Reply #11 on: Oct 10, 2008, 02:58 PM »
  • Publish
  • why withdraw when the market is down unless you need it badly... lahat nman pataas eh in the long term kahit mga equities.

    PMT Forum

    Re: HELP: Is PRU Life UK in trouble?
    « Reply #11 on: Oct 10, 2008, 02:58 PM »
    * * * * * sponsored links * * * * *

     

    Related Topics

      Subject / Started by Replies Last post
    6 Replies
    2502 Views
    Last post Aug 29, 2008, 01:47 AM
    by freedomfighter
    13 Replies
    26424 Views
    Last post Dec 12, 2009, 10:04 PM
    by calvin8online
    18 Replies
    2485 Views
    Last post Oct 04, 2013, 03:33 PM
    by mjtfernandez
    1 Replies
    2969 Views
    Last post Aug 01, 2011, 09:49 AM
    by palailai


    * Recent Topics

    * PMT Shoutbox

    Refresh History
    • expatsasg: sino me marc sa port nyo?
      Oct 28, 2014, 10:42 AM
    • VeneurlArgent: paano yung "offering period" paano ang bidding n2?
      Oct 28, 2014, 09:07 AM
    • singkit_1588: madami p din mabibiktima ng networking scams sa cellphone, facebook, ineternet forum at blogsite..imo only..
      Oct 28, 2014, 08:53 AM
    • singkit_1588: francesdeniel, sad to say..malay mpo meron..
      Oct 28, 2014, 08:52 AM
    • francesdeniel: sa tingin mo may magtiwala sayo dito para pahiramin ka ng pera?
      Oct 28, 2014, 12:18 AM
    • Superliezie0313: good day pmt sino po bang pwedeng mahiraman ng money dyan?
      Oct 27, 2014, 07:54 PM
    • forsaFX: Hi, I am here to have some trading tips
      Oct 25, 2014, 06:50 PM
    • shine_soquila: good day pmt member! baka nyo nman akong tulungan kung anong pwedeng negosyo ang pwede kong simulan sa last money ko na nagkakahalagang 5k. thank u! your help is very much appreciated! God bless u!
      Oct 23, 2014, 12:06 PM
    • pinay57: good day pmt member
      Oct 21, 2014, 06:00 AM
    • kiriyama: may problem COL ngaun? or saken lng?
      Oct 20, 2014, 07:50 AM
    • singkit_1588: EBOLA RED DAY....
      Oct 16, 2014, 11:14 AM
    • LifeWisher: guys need help... gusto ko itry yung virtual tycoon pero may error pag nag place na ng order "Microsoft OLE DB Provider for ODBC Drivers error '80004005'  [Microsoft][ODBC SQL Server Driver][SQL Server]Subquery returned more than 1 value. This is not permitted when the subquery follows =, !=, <, <= , >, >= or when the subquery is used as an expression.  /citisecquote2/VirtualTycoon/EnterOrder/e_OrderIndb.asp, line 99 "  paano ito?
      Oct 16, 2014, 08:47 AM
    • jmces: lol
      Oct 15, 2014, 03:14 PM
    • VeneurlArgent: aw ok salamat. akala ko pa naman hmm :party: :b_guitar:.. hehe
      Oct 15, 2014, 01:51 PM
    • jmces: 400% stock div
      Oct 15, 2014, 01:49 PM
    • jmces: ex date kahapon
      Oct 15, 2014, 01:49 PM
    • VeneurlArgent: anong nangyari sa DMC from 80 bumagsak to 15 petot?
      Oct 15, 2014, 01:35 PM
    • e_win: may ibabagsak pa ba to
      Oct 14, 2014, 03:39 PM
    • bajoyjoy: I'm extending invitation to all PMT pipol, in case meron pong interested sainyo : [link]
      Oct 14, 2014, 12:11 PM
    • jmces: no more ammo :D
      Oct 14, 2014, 10:19 AM
    • singkit_1588: buy buy buy???
      Oct 14, 2014, 09:42 AM
    • jmces: be greedy when everyone else is fearful :D
      Oct 14, 2014, 08:45 AM
    • expatsasg: http://www.marketwatch.com/story/this-is-the-most-dangerous-stock-market-since-2008-2014-10-13?mod=MW_story_top_stories
      Oct 14, 2014, 02:22 AM
    • jmces: sale dmc bukas :D
      Oct 13, 2014, 04:38 PM
    • jmces: need more ammo
      Oct 13, 2014, 04:37 PM
    • OMG.27: bull is now out in the window...hahahahaha...
      Oct 13, 2014, 04:21 PM
    • Wills: I love this month!! Haha
      Oct 13, 2014, 03:49 PM
    • jmces: bot addtl agi :D
      Oct 13, 2014, 02:58 PM
    • singkit_1588: SELL OFF?? :(
      Oct 13, 2014, 02:06 PM
    • kAMi: :)
      Oct 13, 2014, 01:38 AM
    • francesdeniel: hi!
      Oct 13, 2014, 12:53 AM
    • OMG.27: waaaaa..............
      Oct 12, 2014, 06:24 PM
    • danyan2001us: regards from australia
      Oct 11, 2014, 11:42 AM
    • regor: Abandon Ship..
      Oct 10, 2014, 09:42 AM
    • gracepadz: hai poh. Im doing a research paper poh for my masters degree. please help nyo po aqoh
      Oct 08, 2014, 05:48 PM
    • gracepadz: Anyone here can give me an idea on building a training center which is TESDA accredited?
      Oct 08, 2014, 05:46 PM
    • sj.unite: @agapanthus anong facebook group yung nilipatan nila?
      Oct 08, 2014, 02:33 PM
    • TrulyRichAtty: Ako, when I check my stock portfolio and giving me all green! Unrealized gains keep on increasing...
      Oct 08, 2014, 11:18 AM
    • TrulyRichAtty: Let's keep this forum alive!
      Oct 08, 2014, 11:17 AM
    • TrulyRichAtty: What's keeping you excited when you wake up?
      Oct 08, 2014, 11:17 AM
    • Homeboy: hi guys! welcome sa PMT!
      Oct 07, 2014, 01:36 PM
    • imkreisha: hi
      Oct 07, 2014, 01:22 PM
    • dhie221: Hi im new here
      Oct 07, 2014, 01:18 PM
    • e_win: nag meg na ko, kaso downtrnend ngayon Oct.hehe
      Oct 07, 2014, 11:31 AM
    • agapanthus: kaya tahimik na kasi naglipatan na sila sa Facebook
      Oct 03, 2014, 11:22 PM
    • b0y3t2014: Hi guys. i would like to seek an assistance entering the business "Stock Market" - sino po b pede makatulong sakin
      Oct 03, 2014, 03:50 PM
    • b0y3t2014: hi
      Oct 03, 2014, 03:49 PM
    • TrulyRichAtty: russel_18: need ko ng advise nyo, my nagsasanla ng apartment isang flr. sa amin, nakita ko na yung unit pero natatakot ako bka mapaloko ako, ano pong pwde kong gawin pra maback ground check ko kung malinis ang pagsasanla ng may ari. Thank you. ANS:check with ROD if ung title e mortgaged n s iba thru anotation s title mismo
      Oct 03, 2014, 02:28 PM
    • TrulyRichAtty: e_win: ok ba MEG ngayon? yes
      Oct 03, 2014, 02:24 PM
    • jmces: dmc exdate oct 14
      Oct 03, 2014, 11:48 AM
     
     
    Welcome, Guest. Please login or register.
    Did you miss your activation email?

    * Must-Read Topics!

    * Active Posters Today

    DesignMonsta
    5 Posts
    Truly_Rich_Club
    2 Posts
    pulubing_palaboy
    2 Posts
    znihd
    2 Posts
    wilch23
    2 Posts
    ilnlnrc
    1 Posts
    bauer
    1 Posts
    masterpachu
    1 Posts
    kAMi
    1 Posts
    myfxlife
    1 Posts

    * Vote in this Poll Now!

    • How much is your monthly income?
    • Dot Less than PHP 10,000
    • 16 (4%)
    • Dot PHP 10,000 to 25,000
    • 76 (19%)
    • Dot PHP 25,001 to 50,000
    • 78 (20%)
    • Dot PHP 50,001 to 75,000
    • 44 (11%)
    • Dot PHP 75,001 to 100,000
    • 34 (8%)
    • Dot More than PHP 100,000
    • 133 (34%)
    • Total Members Voted: 378
    • View Topic

    * PinoyMoneyTalk.com

    * SPAM-free PMT!

    Help clean up the PMT Forum by reporting spam posts, troll messages, PM solicitation, or any other problem posts or members! Click the "Report to moderator" link at the bottom of every post.
    BloQcs design by Bloc
    SMF 2.0.4 | SMF © 2013, Simple Machines
    SMFAds for Free Forums
    SimplePortal 2.3.5 © 2008-2012, SimplePortal