FCA rules out enforcement action against life companies
Treatment of long-term customers of Old Mutual, Abbey Life, Countrywide Assured, Prudential investigated
Prudential
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Lloyds lacks firepower for M&G takeover
Prudential’s funds arm has been touted as an attractive acquisition for Lloyds
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M&G Prudential demerger a ‘distraction’ as headwinds loom
Prudential shares have fallen 2% over the last six months
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Will investors stick with ‘cash cow’ M&G?
Prudential’s decision to spin-off and float its UK asset management and savings arm was met with widespread approval from investors but how many of them will continue to invest in the life insurer’s “neglected” business when it lists?
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Pru to spin-out and float M&G
Prudential has confirmed it plans to spin-out its UK investment and savings arm, creating two separate listed businesses.
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Prudential sells off US broker network days after M&G merger
Prudential has sold its US independent broker-dealer network to focus on local retirement products just days after announcing plans to merge its UK insurance and asset management businesses.
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Old Mutual plans wealth arm float
Old Mutual announced in its interim results that it has concrete plans to float two more parts of its business, including its UK wealth management arm.
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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.
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US giant PGIM looks to spread its wings in Europe
PGIM Investments, the asset management arm of US insurer Prudential Financial, has registered a range of Ucits funds for sale in five new markets.
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M&G racks up £8bn in redemptions but AUM rises
M&G continued to rack up outflows in 2016, but posted higher AUM by the end of the period.
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Prudential review could lead to break-up
Prudential has kicked off a review of its £45bn ($57.2bn, €53.6bn) pension liabilities business in a move that could see the break up of its UK, US and Asian operations.
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M&G stems outflows
M&G Investments has stemmed the flow of investor money out of its funds, according to a trading update from parent company Prudential.