M&G sees £7bn outflow and profit dip
Prudential owned M&G Investments recorded £7bn in net outflows over the first half of the year, and saw a 10% slide in profits.
Prudential
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IFAs reiterate robo-advice not the answer
Over 80% of financial advisers are unconvinced of the merits of robo-advice services in terms of tackling the United Kingdom’s advice gap, according to research by Prudential.
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Pru suspends trading in single-asset property funds
Prudential has suspended trading in its single-asset property funds, namely the Prudential Property Pension Fund, Prudential Property (Ex Scot Am) Life Fund, Prudential Property Life Fund, Prudential Property Life Fund (Inc), Prudential Aviva Property Trust Pension Fund and Prudential Aviva Property Trust Life Fund.
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Prudential a step closer to £100m HMRC tax refund
UK insurer Prudential has moved closer to securing a tax refund worth more than £100m ($143.4m, €126.5m) from HM Revenue and Customs (HMRC) in a long-running dispute over claims the tax office broke EU rules.
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Prudential shares climb despite M&G outflows
Prudential shares rose over 4% to 1383p as the company put out strong full year numbers.
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M&G retail outflows rise to £3.4bn
M&G recorded £3.4bn in retail net outflows for the first half of 2015, Prudential reported on Tuesday, driven principally by redemptions from its bond funds.
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Jupiter snags global head of distribution from Columbia Threadneedle
Jupiter Asset Management has snagged Columbia Threadneedle Investment’s Nick Ring as its new global head of distribution.
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Financials catching the eye of income managers
With concerns being raised about the sustainability of some of the UK’s larger dividend payers, Income investors are increasingly looking to non-bank financials as a source of sustainable dividends.
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Pru plan critical new products in Budget aftermath
Prudential is to invest £50m a year into a host of “critical” new products as it attempts to consolidate a 42% drop in annuity sales resulting from the pension reforms in this year’s Budget.
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Prudential offers EM fund of funds
Investors will also have access to the M&G Global Emerging Markets, Fidelity Emerging Markets and JP Morgan Emerging Markets Income Funds.
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MandG hit by 700m UK outflows
The UK arm of M&G delivered feeble results while the European division saw net retail fund flows surge.
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Record year for MandG
M&G boasted record funds under management in 2012, although UK net sales were 30% below 2011 levels and are expected to continue to slow through 2013.