M&G Prudential has delivered a strong set of results for the first nine months of the year, reversing last year's outflows, as it integrates its UK savings and investments businesses into a single entity.
In the UK & Europe, M&G Prudential reported external asset management net inflows of £9.9bn in the first nine months across a range of wholesale, direct, and institutional strategies. This compared to net outflows of £8.1bn for the same period last year. Within this, M&G Prudential's Wholesale and Direct channel reported net external inflows of £7.8bn, a reversal from outflows of £7.2bn last year. In addition, continued demand for risk-managed solutions has driven life insurance APE sales growth of 25% over the same period, with new business profit up 31% to £234m. This includes APE ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
