Bulk annuity sales offset losses in Prudential's retail annuity business

clock

Strong bulk annuity sales have helped plug losses incurred in Prudential's individual annuity business, its half-year results show.

The insurer said there has been "considerable disruption" to retail annuity sales in the wake of the Budget 2014, with its own sales down 43% to £63m. Its UK profits were buoyed by four bulk ann...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Buzz: Will dashboards be a game changer or a white elephant?

Buzz: Will dashboards be a game changer or a white elephant?

Pensions dashboards, customer support and run-on

Professional Pensions
clock 10 February 2025 • 1 min read
No industry consensus on whether US DEI pushback will impact UK companies

No industry consensus on whether US DEI pushback will impact UK companies

PP survey finds mixed opinions on whether US hostility to DEI will cause UK companies to follow suit

Martin Richmond
clock 10 February 2025 • 2 min read
PASA selects new president and chair

PASA selects new president and chair

Kim Gubler becomes president and David Fairs is association’s new chair

Holly Roach
clock 10 February 2025 • 1 min read
Trustpilot