Prudential combines UK operations sparking sell-off speculation
Prudential has merged its M&G and UK savings businesses, amidst growing speculation that the insurer intends to break-up its operations.
Prudential has merged its M&G and UK savings businesses, amidst growing speculation that the insurer intends to break-up its operations.
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A policy reversal at the Bank of England is imminent and could prompt it to sell its £10bn hoard of corporate bonds back to the market, M&G’s Richard Woolnough has said.
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M&G Investments has strengthened its emerging market offering with the launch of two strategies focusing on the region’s hard currency debt and income opportunities.
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M&G has proposed transferring four UK-domiciled open-ended funds to its Luxembourg platform over fear and uncertainty surrounding the UK’s exit from the European Union.
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Michael McLintock, former CEO of M&G Investments, has joined Neptune Investment Management as a ‘special adviser’ on strategy and distribution.
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The Bank of England may allow inflation to overshoot its target “for some time” amid the uncertainty that following the triggering of Article 50 on Wednesday, M&G’s Jim Leaviss has said.
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M&G continued to rack up outflows in 2016, but posted higher AUM by the end of the period.
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Three Franklin Templeton bond funds suffered more than €800m (£683m) outflows in January, according to Morningstar data.
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Markets are too optimistic over the United States and have priced in expectations of government infrastructure spending that may take years to materialise, according to M&G Investment’s Claudia Calich and James Tomlins.
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M&G Investments has launched two managed volatility funds targeting absolute returns.
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Columbia Threadneedle Investments has appointed Michelle Scrimgeour as chief executive officer, Europe, Middle East & Africa and CEO of Threadneedle Asset Management.
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Pioneer Investments’ global head of compliance Neil Donnelly is set to leave the firm after 14 years to join M&G Investments in the new year.
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