Welcome, Guest. Please login or register.
Did you miss your activation email?

Author Topic: HELP: Is PRU Life UK in trouble?  (Read 15371 times)

0 Members and 1 Guest are viewing this topic.

Offline milo012007

  • Newbie
  • *
  • Posts: 4
  • Thanks Received: 0
HELP: Is PRU Life UK in trouble?
« on: Jul 09, 2008, 03:24 PM »
Advertisement
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 Champion
  • *
  • Posts: 900
  • Thanks Received: 0
Re: HELP: Is PRU Life UK in trouble?
« Reply #1 on: Jul 09, 2008, 04:52 PM »
« Last Edit: Jul 09, 2008, 05:00 PM by freedomfighter »
The secret to achieving financial freedom is to build and create "MSI" or "Multiple Sources of Income!"

Offline SirYuri90

  • Posting Guru
  • *
  • Posts: 422
  • Thanks Received: 0
Re: HELP: Is PRU Life UK in trouble?
« Reply #2 on: Jul 09, 2008, 06:01 PM »
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

Offline voltes5

  • Posting Whiz
  • *
  • Posts: 262
  • Thanks Received: 0
Re: HELP: Is PRU Life UK in trouble?
« Reply #3 on: Jul 09, 2008, 07:51 PM »
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 Champion
  • *
  • Posts: 900
  • Thanks Received: 0
Re: HELP: Is PRU Life UK in trouble?
« Reply #4 on: Jul 09, 2008, 08:13 PM »
« Last Edit: Jul 09, 2008, 08:28 PM by freedomfighter »
The secret to achieving financial freedom is to build and create "MSI" or "Multiple Sources of Income!"

Offline edwinfriend

  • Probie
  • *
  • Posts: 19
  • Thanks Received: 0
Re: HELP: Is PRU Life UK in trouble?
« Reply #5 on: Jul 10, 2008, 10:31 AM »

Offline bauer

  • VIP 4500
  • *
  • Posts: 4,865
  • Thanks Received: 12
Re: HELP: Is PRU Life UK in trouble?
« Reply #6 on: Jul 11, 2008, 01:35 PM »
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
join me on twitter @ bauerfilipino

Offline foolcha

  • Posting Whiz
  • *
  • Posts: 284
  • Thanks Received: 0
Re: HELP: Is PRU Life UK in trouble?
« Reply #7 on: Jul 24, 2008, 08:43 AM »

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 »

Offline pulidowinstone

  • Newbie
  • *
  • Posts: 1
  • Thanks Received: 0
Re: HELP: Is PRU Life UK in trouble?
« Reply #8 on: Aug 14, 2008, 04:10 PM »
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 4500
  • *
  • Posts: 4,865
  • Thanks Received: 12
Re: HELP: Is PRU Life UK in trouble?
« Reply #9 on: Aug 19, 2008, 03:42 PM »
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.
join me on twitter @ bauerfilipino

Offline mikedg

  • Associate Member
  • *
  • Posts: 62
  • Thanks Received: 0
Re: HELP: Is PRU Life UK in trouble?
« Reply #10 on: Sep 13, 2008, 07:56 PM »

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
  • *
  • Posts: 9
  • Thanks Received: 0
Re: HELP: Is PRU Life UK in trouble?
« Reply #11 on: Oct 10, 2008, 02:58 PM »
why withdraw when the market is down unless you need it badly... lahat nman pataas eh in the long term kahit mga equities.

 


PMT Shoutbox

Refresh History
  • mark_Lee: hi im back
    May 22, 2017, 01:51 AM
  • aleishamae: hello everyone! newbie here.
    May 17, 2017, 05:25 PM
  • abdulmuiz141911: can someone help me register sa PSE?
    May 16, 2017, 01:36 PM
  • abdulmuiz141911: greetings of peace mga igan...
    May 16, 2017, 01:35 PM
  • supermom88: Hi there. I'm new in this forum. Good day to all of you.
    May 16, 2017, 07:04 AM
  • Tonisj: May nakakaalam ba dito supplier ng mga gadgets? Balak ko Kasi mag online selling. Thanks
    May 10, 2017, 11:24 AM
  • junedarellhausa: bago lang ako.. how to funds my paypal?
    May 09, 2017, 04:29 PM
  • docg: The position has been filled
    May 08, 2017, 12:52 PM
  • docg: Hello all, am looking for guest speakers for a personal finance event, organized by a student organization, please pm me for more info.
    May 07, 2017, 08:16 PM
  • icycool: So ano po online business nyo ngayon?
    May 05, 2017, 08:19 PM
  • LailanaeSu: New bee pano mag advertise dito?
    May 01, 2017, 03:48 PM
  • iamhilton: hello to all : ) If any question regarding online business i'll do my best para masagot yan : )
    Apr 30, 2017, 03:23 PM
  • allydelacruz: Hi newbie here, baka po may gusto magpasupply sa inyo ng bigas at seafoods dyan, from Obnado, Bulacan po ako.
    Apr 23, 2017, 03:07 PM
  • marison: Hello ..newbie here baka may alam kayo buyer ng lobster madami po kami stock
    Apr 20, 2017, 11:07 PM
  • chloe: hello po ask ko lng if ano proseso n dapat gwin pag transfer ng name sa pag ibig if si 1st owner ay ayaw n i continue ang monthly amprtization nya at si 2nd owner n ang mag cocontiniue need p po b ipa change name agad.?
    Apr 20, 2017, 04:20 AM
  • SiPoorMan: i suggest go to proper forum with regards on your concern Mperalejo
    Apr 19, 2017, 07:21 PM
  • MPeralejo: Is there regulatory body i can contact to complain about SMDC turn over after the company received my full payment
    Apr 18, 2017, 03:09 AM
  • MPeralejo: Very bad management service. I purchase unit in the 18th floor with expected turn over on 4/2016 which was delayed until 2017. I was told that the balance has to be paid off before turn over in January 2017 and paid the balance in full 3/9/17 with request to expedite. The same with my mother in-law's unit at 15th floor which was paid 2 weeks before mine. Until now, they will not turn over the unit and can only provide excuses that the engineering dept. is working on it. My aunt who is our representative/interior designer only has till May 14th to stay in the Philippines to get the units ready for my vacation in Jun 1st but they are now telling me that the turn over will be May 22, 2017 plus 1 week. They have receive our money since 3/9 and my mother in-laws in February, yet they want more than 3 months to turn over. By then, i am out of representative/interior designer that I would have to hire another and not only that, my family and I will not have a place to stay on our vacation therefore, i would need to rent elsewhere. SMDC is not willing to cover my losses nor do they know the meaning of "EXPEDITE". This company is a scam! They want your money and not willing to deliver on time. Is the government not regulating this kind of SCAM! I would rather receive a full refund than deal with this company. Don't buy from SMDC. It will be a nightmare for you!
    Apr 18, 2017, 03:08 AM
  • MPeralejo: Is there a complaint dept for SMDC?
    Apr 18, 2017, 03:07 AM
  • jfitz: Hi everyone! Newbie lang ako pero looking forward to learn personal finance :)
    Apr 17, 2017, 07:14 PM
  • mmel: :hello:
    Apr 13, 2017, 05:15 PM
  • edjr.foro: hi everyone! magshare din ako experience sa small business.
    Apr 10, 2017, 05:16 PM
  • mmel: :hello: :hello: :hello:
    Apr 05, 2017, 05:46 PM
  • anicaxia: Newbie here ✋
    Apr 02, 2017, 09:26 AM
  • jerinaciline: Hahalo
    Mar 30, 2017, 04:37 PM
  • geysanchezp: hi po. sino po kaya may alam ng patahian ng maramihang blouse yung mura lang po ang singil. salamat
    Mar 30, 2017, 10:32 AM
  • freakyserious: hi anyone who knows a supplier of c2s paper in rolls (hindi by ream). thanks!
    Mar 28, 2017, 05:45 AM
  • linmark16: hello po tanong ko lng kung anong magadang pagkakitaan online..
    Mar 25, 2017, 12:07 AM
  • Speedrace2380: Hi,,,isa po ako ofw dito sa saudi arabia,,,sino po may alam sa import export,,,
    Mar 22, 2017, 01:17 AM
  • xpp9392: hi im looking to borrow money please message me
    Mar 18, 2017, 07:32 PM
  • miembrolang: good day po... pahingi po ng link kung saan makikita step by step ng Pag-Ibig housing Loan lalo na ung tungkol sa Notice of Approval. tnx
    Mar 17, 2017, 04:44 PM
  • aiaicamps: hello po..im new user here.,,looking for an ukay ukay supplier,..thanks po..
    Mar 16, 2017, 01:05 PM
  • Markreen: HOw mgstart dto
    Mar 16, 2017, 11:44 AM
  • trepur10: wala rin akong alam :)
    Mar 16, 2017, 06:51 AM
  • Delna: hi im new
    Mar 12, 2017, 07:26 PM
  • Moniika: Paano  ba to  ? Haha
    Mar 12, 2017, 02:05 PM
  • Moniika: Hi guys
    Mar 12, 2017, 02:01 PM
  • Nhedz: Hi po. Newbie here
    Mar 12, 2017, 07:07 AM
  • dylanreggie: hi newbie here
    Mar 11, 2017, 05:58 PM
  • dhondiex27: Morning
    Mar 10, 2017, 08:55 AM
  • dodido1: good morning
    Mar 09, 2017, 06:21 AM
  • johnren110190: hi any tnt ofw in japan? nandito ako ngaun sa japan pero gusto ko mag tnt ang liit kc ng sahod ko legal ako pumasok pero mliit sahod pero ang trabho halos patayan kc construction.baka may pede jn makausap na tnt dto sa japan. salamat
    Mar 06, 2017, 10:25 AM
  • vicentecarandang: Hello everyone,, newbie for some business involvement...Hope to meet lots of investors..
    Mar 05, 2017, 06:10 PM
  • JustChris: hello everyone.. newbie here.  hope to get tips po for investing salamat
    Mar 05, 2017, 05:01 PM
  • Aldrine22: may alam kayo foreclosed house around laguna?super thanks sa sasagot
    Mar 03, 2017, 11:51 AM
  • magpayo.mattew: San po pala pwede iligay ang paypal ko dito? Di ko po makita
    Mar 01, 2017, 08:33 PM
  • magpayo.mattew: Hi newbie lang po
    Mar 01, 2017, 08:30 PM
  • Sacegirl: hello po! bago lang po ako. sana matulungan nyo ako. thanks!
    Mar 01, 2017, 01:40 PM
  • cess245: hello
    Mar 01, 2017, 01:26 PM
  • eme_eme: hello
    Feb 28, 2017, 08:34 PM