PMT Forum

News: Present!!! -- Sign the JULY 2014 Attendance Sheet for at least 20 days every month and get your "Always Present!" award!

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 12976 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
    2304 Views
    Last post Aug 29, 2008, 01:47 AM
    by freedomfighter
    13 Replies
    24450 Views
    Last post Dec 12, 2009, 10:04 PM
    by calvin8online
    18 Replies
    2301 Views
    Last post Oct 04, 2013, 03:33 PM
    by mjtfernandez
    1 Replies
    2632 Views
    Last post Aug 01, 2011, 09:49 AM
    by palailai


    * Recent Topics

    * PMT Shoutbox

    Refresh History
    • GoodSteward: Wasnt able to wait anymore. I dip my toes into AGI at 26... If it reaches 23-24, ill dip my legs! Hehe
      Yesterday at 09:20 PM
    • royaleyoungentrepreneurs: HI everyone! :)
      Yesterday at 12:40 PM
    • LenyWind: @phreyesj23 san po ba yun mahahana..xenxa na po bago lang..
      Jul 26, 2014, 12:57 PM
    • kingstriker: hi
      Jul 25, 2014, 07:53 PM
    • phreyesj23: hanapin mo lang anong thread tpos click "post" button
      Jul 25, 2014, 02:40 PM
    • phreyesj23: @lenywind
      Jul 25, 2014, 02:40 PM
    • LenyWind: paanu po ba mag post dito huhuhu
      Jul 25, 2014, 02:06 PM
    • phreyesj23: Goodmorning!
      Jul 25, 2014, 11:33 AM
    • yllor: nagkakawalaan na mga eroplano sa kalawakan... [link]
      Jul 24, 2014, 07:45 PM
    • jmces: dugie ano browser mo or mobile ba yan?
      Jul 24, 2014, 09:07 AM
    • dugie: hello po sa mga trader dyan, tanong ko lang po kung bakit di na gumagana ticker ng broker kong firstmetrosec e updated naman ung java ko?
      Jul 23, 2014, 10:50 AM
    • jpm247: http://newsinfo.inquirer.net/622080/protests-mount-vs-aquino
      Jul 22, 2014, 11:53 AM
    • Wills: Link is not working
      Jul 22, 2014, 09:06 AM
    • superxfactor: sir Wills, ano po possible effect nito sa market price nya?link--https://ph6.colfinancial.com/ape/FINAL2_STARTER/xml/CompanyNews_nw.asp?varStock=sino&varNewsLink=327986
      Jul 21, 2014, 08:26 PM
    • sj.unite: george88, mukhang nakulangan ka ng comma diyan sa sentence mo. :P
      Jul 21, 2014, 08:24 AM
    • kiriyama: iba ung dating nung unang mga words "bestinpalawan yung asawa ng insan ko"  :hihi:
      Jul 20, 2014, 01:37 PM
    • george88: bestinpalawan yung asawa ng insan ko taga palawan y o y
      Jul 17, 2014, 08:23 PM
    • bestinpalawan: sino taga palawan dito???  ^_^
      Jul 16, 2014, 01:16 PM
    • Beannie: Ms. Kithe! :) sorry now lang naka ol uli.. I sent you mail. thanks for being so accomodating.  :hello:
      Jul 16, 2014, 12:50 PM
    • jmces: ingat kayo mga kapatid sa pinas
      Jul 16, 2014, 09:29 AM
    • yllor: Wednesday: no trading :harhar:
      Jul 16, 2014, 04:52 AM
    • Wills: Ang sarap sa zensho!!!!!
      Jul 15, 2014, 05:03 PM
    • kithe: Hi Beannie,
      Jul 15, 2014, 02:14 PM
    • ManilaBoy40: Tropical Cyclone Storm Warning Signal # 2 Now Hoisted Over the NCR Areas ...
      Jul 15, 2014, 02:05 PM
    • moto461: Germany beats Argentina 1-0 in World Cup final :winner:
      Jul 14, 2014, 05:40 AM
    • OMG.27: Israel already entered war in Gaza.. Muslim people are already insane for the bombardments in the Middle East. They didnt notice what is happening in Syria nowadays.
      Jul 13, 2014, 07:31 PM
    • Wills: http://m.youtube.com/watch?v=UnNsCmJuwro <------ Amazing!
      Jul 12, 2014, 11:15 AM
    • yoj77: thanks will.. sana sumagot na ung knausap ko... pray pray pray...
      Jul 12, 2014, 06:49 AM
    • yoj77: i'm totally stranger here. my family cud possibly help me nxt year pa. ayaw kong mtambkan ng utang. dpat my pumapasok na daily income, to cover for xpenses, and d the same time, cover paying depts.
      Jul 12, 2014, 06:46 AM
    • yoj77: salamat wills. pero kailangan ko lang laksan ang loob ko. ung interest na dnagdag ko, not too much, not too short. pnag icpan at pagaralan ko, but the question i guess, is there someone to trustme? cguro totally WALA.
      Jul 12, 2014, 06:40 AM
    • Wills: kaya sana pagisipan mong mabuti ang mga bagay na iyan... para hindi ka magkaproblema balang araw.
      Jul 11, 2014, 10:50 PM
    • Wills: sa ganyang stage ng buhay natin ay maraming problema na pwedeng sumurpresa saiyo.... maganda ang iyong hangarin at ang gusto mo lang naman ay magprovide sa pamilya mo
      Jul 11, 2014, 10:49 PM
    • Wills: Hi yoj77, ingat ka lang dahil masyadong malaki ang interest na hahabulin mo. If anything goes bad how would you handle disappointments? may anak ka pa naman and since you said "2kids" I assume they are young and you're young also
      Jul 11, 2014, 10:47 PM
    • yoj77: 200/15mos pra may returns monthlu... naisip ko lang po, kc makaahon man lang.. may 3schools kx sa subd namin, at ung iva nagpaparint narin saken... kulang na kulang ako to survive
      Jul 11, 2014, 10:12 PM
    • yoj77: sis here po. i'm a mom of 2kids... 9mos resogned, wla na mhanap yaya... kya balik ko nlang viz ko dati, need ko lng dagdagan ng rental
      Jul 11, 2014, 10:05 PM
    • yoj77: magcomputer cafe ako dito sa haus, para mas kumita, wla ng renta
      Jul 11, 2014, 09:55 PM
    • yoj77: compute ko lang po un
      Jul 11, 2014, 09:52 PM
    • yoj77: hindi ako qualified sa bank, kc unemploed na. homebased na ako working. printing services..
      Jul 11, 2014, 09:47 PM
    • VeneurlArgent: parang dr*gs yung business niya ang bilis ng return.  :D
      Jul 11, 2014, 07:13 PM
    • jmces: utang ka sa bangko kung kaya mo gawin 200k ang 150k kayang kaya m bayaran ang interest D
      Jul 11, 2014, 05:22 PM
    • VeneurlArgent: sir yoj77 magkano po return kung sakali invest ko sa inyo 1M ko? =)
      Jul 11, 2014, 05:11 PM
    • katkatmachine: wow! 50k agad ang return kay yoj77 in just a matter of 15 months! guys! mag-invest na tayo sa kanya! surebol returns oh! :D
      Jul 11, 2014, 04:59 PM
    • yoj77: hellppppp... :D magbusiness po ako.. kasi super kulang na kulang income...
      Jul 11, 2014, 02:44 PM
    • yoj77: hello guys, sino pwedeng magpainvest saken money.. wahhhh.... 150k gawin ko 200K 15mos to pay.. :D
      Jul 11, 2014, 02:42 PM
    • erica25: hi po
      Jul 11, 2014, 12:35 PM
    • spidermannn: anyone got news about LBC ? IPO or any?
      Jul 11, 2014, 04:40 AM
    • lyn.dorry: Hello
      Jul 10, 2014, 11:25 PM
    • arvy271: :hello:
      Jul 10, 2014, 10:22 PM
    • arvy271: hi po sa lahat ng tambay dito
      Jul 10, 2014, 09:59 PM
    • george88: @vicces what kind of help are you referring... Can you please enlighten
      Jul 10, 2014, 07:21 PM
     
     
    Welcome, Guest. Please login or register.
    Did you miss your activation email?

    * Must-Read Topics!

    * Active Posters Today

    JohanVIA
    3 Posts
    mackygoof
    2 Posts
    yellowminded yellowminded
    1 Posts
    TSO TSO
    1 Posts
    pulubing_palaboy
    1 Posts
    Market_Market
    1 Posts
    kuray08 kuray08
    1 Posts

    * Vote in this Poll Now!

    • Who would you vote for as President in 2016?
    • Dot Kris Aquino
    • 7 (6%)
    • Dot Jejomar Binay
    • 6 (5%)
    • Dot Alan Peter Cayetano
    • 6 (5%)
    • Dot Chiz Escudero
    • 4 (3%)
    • Dot Ping Lacson
    • 7 (6%)
    • Dot Bongbong Marcos
    • 8 (7%)
    • Dot Grace Poe
    • 14 (13%)
    • Dot Bong Revilla
    • 0 (0%)
    • Dot Mar Roxas
    • 6 (5%)
    • Dot Miriam Santiago
    • 38 (37%)
    • Dot Others
    • 5 (4%)
    • Total Members Voted: 101
    • 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