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....The bank was forced to offer itself for sale after it was unable to reach a strong enough footing to satisfy the Bank of England's regulatory requirements. It blamed low interest rates and the higher-than-expected cost of its turnaround plan for its failure to meet the Bank's Prudential Regulation Authority (PRA) rules. ... [Read full article on BBC ]
Friday 24th of March 2017 09:52:14 AM
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....The company is also selling its 47% stake in the world’s largest book publisher, Penguin Random House, to strengthen its balance sheet. Fallon’s pay increase came as the total pay of Mike Wells, chief executive of Prudential, dropped 30% to £6. ... [Read full article on Guardian ]
Friday 24th of March 2017 03:30:57 PM
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Monday 27th of March 2017 09:26:41 AM
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Latest Finance News related to Prudential

Bonus for Pearson chief despite biggest loss in company's history image
Source : Guardian [Read Article] Friday 24th of March 2017 03:30:57 PM
....The company is also selling its 47% stake in the world’s largest book publisher, Penguin Random House, to strengthen its balance sheet. Fallon’s pay increase came as the total pay of Mike Wells, chief executive of Prudential, dropped 30% to £6. ...
Co-op Bank sale plan attracts suitors image
Source : BBC [Read Article] Friday 24th of March 2017 09:52:14 AM
....The bank was forced to offer itself for sale after it was unable to reach a strong enough footing to satisfy the Bank of England's regulatory requirements. It blamed low interest rates and the higher-than-expected cost of its turnaround plan for its failure to meet the Bank's Prudential Regulation Authority (PRA) rules. ...
Unilever is safe, but we need better defences against short-term capitalism image
....Finding a new chief executive will be his professional priority. Tucker, a former pro footballer who is best known in the UK for his lengthy career at insurer Prudential – punctuated by a short stint as finance director of banking group HBOS – should move fast. ...
Charlotte Hogg’s exit raises tough questions for Bank of England | Nils Pratley image
.... They thought “potential, actual or perceived conflict could well arise” and they are surely right. Hogg, in her new post, would have sat on the Prudential Regulation Committee that has day-to-day oversight of Barclays. ...
FTSE 100 slips after Brexit jitters image
Source : BBC [Read Article] Tuesday 14th of March 2017 09:57:01 AM
....On Monday the UK parliament backed the government's Brexit bill, paving the way for formal negotiations to be triggered. However, shares in Prudential rose 2. ...
HSBC appoints AIA boss Mark Tucker as new chairman image
Source : BBC [Read Article] Sunday 12th of March 2017 11:19:23 PM
....Mr Tucker has been chief executive of AIA for seven years, during which he oversaw the insurer's expansion in Asia. Before AIA, he was the chief executive of insurance giant Prudential, and brings to HSBC his experience at the top of a UK financial giant as well as his Asian exposure. ...
Co-op Bank warns of more branch closures as it reports £477m loss image
Source : Guardian [Read Article] Thursday 9th of March 2017 11:25:19 AM
....The annual report repeated its warning – as it has done for the past three years – “that there are material uncertainties which may cast significant doubt on the bank’s ability to continue as a going concern”. The bank is meeting the capital requirements set out by international regulators but not the requirement specifically tailored by the Bank of England’s Prudential Regulation Authority. ...
Co-op Bank reports loss as suitors circle image
Source : BBC [Read Article] Thursday 9th of March 2017 08:37:46 AM
....It was forced to offer itself for sale after it was unable to reach a strong enough footing to satisfy the Bank of England's regulatory requirements. The bank blamed low interest rates and the higher-than-expected cost of its turnaround plan for its failure to meet the Bank's Prudential Regulation Authority (PRA) rules. ...
Budget 2017: Blow for pensioners as tax-free dividend allowance SLASHED image
Source : Daily Express [Read Article] Wednesday 8th of March 2017 01:44:00 PM
....1 per cent. Les Cameron, head of technical at pension provider Prudential, said:  “The previous dividend allowance of £5,000 allowed investors to hold around £150,000 of equity-based portfolios tax free. ...
Bank deputy Charlotte Hogg admits breaching guidelines image
Source : BBC [Read Article] Tuesday 7th of March 2017 04:00:30 PM
...." . She said she would ask the Bank's Monetary Policy Committee, Financial Policy Committee and Prudential Regulation Committee, on which she now sits, to review if further steps were needed to manage the potential conflict of interest. ...
Bank of England deputy governor gets warning over conflict of interest image
.... In doing so, she breached Bank of England rules that she helped to write. His role could potentially conflict with her work on the Prudential Regulation Committee, which has direct responsibility for regulating banks including Barclays. ...
Australian housing market crash could lead to broader downturn, OECD warns image
....Australia’s house prices have increased by 250% in real terms since the mid 1990s, with the median house price in Sydney hitting almost $1m at the end of January. The OECD attributed this boom to domestic buyers rather than foreign investment, and recommended government policy should pressure banks to limit mortgage lending for investment properties, and avoid risky loans – echoing 2014 measures already put in place by the Australian Prudential Regulation Authority. ...
Bank deputy Charlotte Hogg 'must avoid conflicts of interest' image
Source : BBC [Read Article] Thursday 2nd of March 2017 12:00:04 AM
....Ms Hogg, who became deputy governor for markets and banking in February, sits on three powerful Bank committees. One of them, the Prudential Regulation Committee (PRC), oversees UK banks. ...
Bank of England makes obscure tweak to mortgage rules... now you can get a BIGGER mortgage image
...."As a result lenders have restricted the proportion of offers in excess of 4. 5 times income to about 13 per cent, compared to the Prudential Regulation Authority's actual limit of 15 per cent. ...
Were YOU mis-sold your pension? Prudential and Standard Life review annuity sales image
Source : Daily Express [Read Article] Saturday 25th of February 2017 01:13:00 PM
....Standard Life announced it has put aside £175million for compensation and is working with the financial regulator to provide redress. At the same time, Prudential has agreed with the Financial Conduct Authority to look over sales made since 2008 - experts said the firm could end up paying far more out than Standard Life, due to the size of its customer base. ...
Pensioners sold wrong annuities to get thousands in redress image
Source : BBC [Read Article] Friday 24th of February 2017 04:02:11 PM
....Some estimates say that up to 200,000 pensioners - some of whom are unwell - could typically receive £2,000 each. Prudential and Standard Life have agreed to review hundreds of thousands of policies, which go back to July 2008. ...
Tackle your debts while interest rates are at lowest image
Source : Daily Express [Read Article] Sunday 19th of February 2017 11:59:00 AM
....A remarkable one in four people who plan to retire this year expects to do so in debt, owing an average of £24,300. This is up from one in five last year, according to insurer Prudential’s Class Of 2017 report. ...
One in four UK retirees burdened by unpaid mortgage or other debts image
Source : Guardian [Read Article] Friday 17th of February 2017 06:49:49 AM
....One in four people planning to retire this year will still have a mortgage or other debts to pay off and will typically owe about £24,000, according to an insurer’s report. The Prudential insurance company found the proportion of people who expected to retire in debt this year to be at its highest level for seven years, and that the level had risen to 44% in London. ...
For sale: Co-op Bank looks for buyers image
Source : Guardian [Read Article] Monday 13th of February 2017 08:05:49 AM
....The bank would not put a value on its operations or indicate how much extra funds it needs. The bank is meeting the capital requirements set out by international regulators but not the requirement specifically tailored by the Bank of England’s Prudential Regulation Authority. ...
Bank of England appoints Charlotte Hogg as deputy governor image
Source : Guardian [Read Article] Thursday 9th of February 2017 05:57:26 PM
....Although Hogg lacks Shafik’s international connections at organisations such as the International Monetary Fund, the privately-educated, Oxford graduate will wield considerable experience of the domestic financial sector when she takes up her new position at the end of the month. She will sit on the monetary policy committee, the financial policy committee, the Bank’s court of directors and the board of the main City regulator, the Prudential Regulation Authority. ...
UK home to 80% of top-earning European bankers image
Source : Guardian [Read Article] Thursday 2nd of February 2017 11:00:28 AM
....Detail about pay deals for senior fund managers is rarely made public, although there have been some examples. Richard Woolnough, a fixed income bond specialist at Prudential’s fund management arm M&G, received £17. ...
Lloyds bank accounts targeted in huge cybercrime attack image
Source : Guardian [Read Article] Monday 23rd of January 2017 12:20:26 PM
....The money will help boost the National Cyber Security Centre, the new division of the surveillance agency GCHQ created last month. Andrew Tyrie, MP, chair of the Treasury select committee, said that responsibility for reducing cyber threats is shared too widely among a number of bodies, including the Prudential Regulatory Authority, the Financial Conduct Authority and GCHQ, and needs to be simplified. ...
Sir David Clementi: City grandee ready to do the business at the BBC image
Source : Guardian [Read Article] Tuesday 10th of January 2017 04:40:51 PM
.... Someone, actually, just like Clementi. The 67-year-old Winchester and Oxford-educated accountant spent 22 years at investment bank Kleinwort Benson, working his way up to chief executive, before going on to serve as chairman of insurance giant Prudential and Sir Richard Branson’s Virgin Money. ...
Sir David Clementi confirmed as new BBC chair image
Source : Guardian [Read Article] Tuesday 10th of January 2017 03:53:39 PM
....”. Clementi, the former deputy governor of the Bank of England and chair of Prudential and Virgin Money, published a report in March calling for the BBC to have a unitary board consistent with the model used by large, publicly listed companies. ...
Philip Green, Vibrac and Riverdance: the mystery of Everton’s ‘shadow investor’ image
....“We have three sources of lending,” he said. “We have a long-term loan with the Prudential that expires in 2026, an overdraft with Barclays that is not enough to manage the day-to-day cash flow of the football club and, to address that, we borrow from JG Funding (a private company) against the TV money. ...
London shares rise to two-month high image
Source : BBC [Read Article] Tuesday 20th of December 2016 12:30:27 PM
GCHQ asked to step up action against cyber-attack threat to financial services image
.... The Bank of England has also listed the threat of cyber-attacks as one of the major risks facing the financial services industry. In his letter Tyrie, a Conservative MP, outlines the responsibility for cyber-threats as being shared between the Bank’s Prudential Regulation Authority (PRA), the Financial Conduct Authority and GCHQ. ...
Citi and JP Morgan top regulators' list of banks posing systemic risk image
Source : Guardian [Read Article] Monday 21st of November 2016 06:44:37 PM
....The banks are unlikely to need to raise more capital as many of them ready hold enough to appease regulatory demands. A list of the globally systemic insurers was also published, which includes Prudential and Aviva. ...
Savings protection limit to go back up to £85,000 image
Source : Guardian [Read Article] Monday 21st of November 2016 12:39:56 PM
....Each country in the EU but not using the euro is obliged to review its limit every five years, but is allowed to make changes in the light of unforeseen events. Following the fall in the pound over the summer, the Bank of England’s Prudential Regulation Authority (PRA) is consulting on plans to bring the limit back up to £85,000, with effect from 30 January 2017. ...
Bank compensation limit to return to £85,000 image
Source : BBC [Read Article] Monday 21st of November 2016 12:25:19 PM
....". The Prudential Regulation Authority (PRA), part of the Bank of England, will now consult on the plan, although the idea has already been approved by the Treasury and the European Commission. ...
How to stop loved ones falling into pensions poverty image
Source : Daily Express [Read Article] Wednesday 5th of October 2016 08:03:00 AM
....Fewer than one in three couples over 40 have taken action to ensure that when they die, their partner will still have a retirement income. One in five have never discussed financial planning for retirement at all and risk ending their years in poverty as a result, according to new research from Prudential. ...
A turning point for India's insurance industry image
Source : BBC [Read Article] Thursday 29th of September 2016 02:18:26 AM
....As one of India's largest insurance firms launches the country's biggest stock market listing in six years, the industry is at a turning point. ICICI Prudential Life's popular share sale puts the spotlight on a sector that has extremely low coverage but huge potential. ...
Forgotten tax is more pain than gain image
Source : Daily Express [Read Article] Wednesday 21st of September 2016 01:40:00 PM
Tax in retirement: Top tips to avoid getting caught in trap image
Source : Daily Express [Read Article] Sunday 21st of August 2016 12:01:00 AM
....You may have given up working but the taxman is still hard at it, rolling up his sleeves and totting up your tax bill. It is a hefty bill, with the average retired household paying just over £7,000 in tax last year, according to Prudential. ...

Prudential's profits driven by Asian demand for insurance
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Source : Telegraph [Read Article] Wednesday 10th of August 2016 12:07:50 PM
...

Richmond Park deer at risk of dying from energy gel packs discarded by cyclists, charity warns
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....He also said cameras in secret locations throughout the park would be introduced to catch and ban riders who ignore the race's anti-littering message. Mr Brasher said: "We have done an enormous amount of messaging through our Love Where You Ride campaign, which calls on riders to take home any rubbish with them from training rides and to use the waste facilities provided throughout the Prudential Ride London event. ...
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Prudential helps FTSE close higher for fifth day in a row image
Source : BBC [Read Article] Wednesday 10th of August 2016 07:43:54 AM
....42 as stronger financial stocks offset weaker energy shares which tracked a slight fall in oil prices. Prudential shares rose 2. ...

Fundraising page of RideLondon cyclist who died during event reaches £45,000
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....". Miss Day wrote: "Uncle Robin, so incredibly proud of your efforts in the Prudential 100 bike ride today in London. ...
How to negotiate the pensions minefield in Brexit Britain image
Source : Guardian [Read Article] Wednesday 27th of July 2016 11:41:14 AM
....“I only had a small personal pension of around £16,000,” she says. With this, she bought a Prudential annuity through investment adviser Hargreaves Lansdown, which pays her £75 a month. ...
INHERITANCE TAX: More families falling into death duty trap image
Source : Daily Express [Read Article] Wednesday 27th of July 2016 08:03:00 AM
. Families are rushing to seek advice from specialist advisers to avoid the hated tax and secure their loved ones’ financial future, according to new research from insurer Prudential. ...
HBOS: City regulation 'outdated and unfair' say MPs image
Source : BBC [Read Article] Monday 25th of July 2016 11:10:25 PM
....". The Treasury said: "Since 2010, we have dismantled the failed tripartite system and put in place a more focused system of judgement-led supervision by the Financial Conduct Authority and Prudential Regulation Authority. ...
Young suffer as pensioners continue to prosper, says IFS image
Source : BBC [Read Article] Monday 18th of July 2016 11:02:12 PM
....Earlier this week research from the Resolution Foundation found that workers born since 1990 typically earned £8,000 less in their twenties than those born in the 1970s. The insurance company Prudential said that people planning to retire in 2016 expect to have an income of £17,700 a year, the highest number they have recorded. ...
Property fund turmoil continues as three more firms cut value image
Source : Guardian [Read Article] Thursday 7th of July 2016 06:42:23 PM
....Others have suspended dealings for longer, starting with Standard Life’s decision on Monday to halt trading in its £2. 9bn commercial property fund, leading to a cascade effect with Aviva, Prudential’s M&G, Henderson, Columbia Threadneedle and Canada Life following suit – taking the total value of property funds suspended to £18bn. ...
More property funds suspended as Brexit tremors continue in the City image
Source : Guardian [Read Article] Wednesday 6th of July 2016 11:29:00 PM
....Funds responsible for investing some £14bn in shopping centres, office blocks and warehouses have now locked out investors following the decision by Henderson, Columbia Threadneedle and Canada Life to suspend dealing on Wednesday after being swamped by investors attempting to redeem their cash. The three made their announcements after Standard Life, Aviva and Prudential’s M&G barred investors from withdrawing their cash earlier in the week. ...
M&G and Aviva suspend property funds following Brexit vote image
Source : BBC [Read Article] Tuesday 5th of July 2016 12:36:54 PM
....Regulators have put such schemes under review amid warnings that commercial property was a key risk to the economy. M&G, part of UK insurer Prudential, said it had seen a "marked increase" in customers trying to pull out of the portfolio - which includes retail and office space - after the referendum result. ...
Market pressure eases after Brexit rout image
Source : BBC [Read Article] Tuesday 28th of June 2016 07:32:45 AM
.... . "Nonetheless, the sight of so many major companies trading at remarkably low multiples, such as Next and Prudential on 10 times earnings, and the juicy dividend yields on offer, has clearly been too much for some investors to resist. ...
Brexit: Asian shares fall sharply as UK votes to leave EU image
Source : BBC [Read Article] Friday 24th of June 2016 05:43:07 AM
....It's the same all over Asia. Shares sensitive to what goes on in the British economy and that are listed in London and in HK like Standard Chartered Bank, HSBC, Prudential and Glencore all taking a hit as investors sell, sell, sell and pour their money into traditional safe bets like gold. ...
Bank of England in preparations for potential Brexit image
Source : Guardian [Read Article] Sunday 5th of June 2016 02:44:02 PM
.... Any banks thought to be in difficulties through no fault of their own will be able to tap unlimited quantities of cash provided by the Bank – and even those in good shape will be able to access the special funding. Through the Bank’s regulation arm, the Prudential Regulation Authority, Carney is being kept abreast of plans by the big lenders to ensure they are prepared for the consequences of a Brexit vote. ...
Working till you drop: Five-minute guide to the chaining face of retirement image
.... To add to the financial pressure, more and more retired people are spending their wealth helping children and grandchildren get on in life. Stan Russell, retirement income expert at Prudential, says: “The pressure on retirees to provide this financial support continues to rise in line with the growth in the cost of housing, education and childcare. ...
Why fear inheritance tax? Your cash will all be gone image
Source : Guardian [Read Article] Saturday 4th of June 2016 06:00:02 AM
....Two of the most enduring myths in personal finance are that (a) people work their guts out to pay for a home that jumps in value to hundreds of thousands of pounds and (b) that the nasty taxman will, when they die, snatch the money they wanted to leave to the kids. A report from Prudential this week explodes that second myth comprehensively. ...
How long does it take for workers to earn their first £1million? image
Source : Daily Express [Read Article] Wednesday 25th of May 2016 11:45:00 AM
. It will take an average 28 years for today's 18-year-olds to have finally banked six figures, found pension provider Prudential. ...
Co-op bank says bonus rules could mean higher salaries and costs image
Source : Guardian [Read Article] Friday 20th of May 2016 02:46:43 PM
....“To remain competitive and to enable the attraction and retention of employees, the bank will need to change its remuneration structure and this is likely to increase costs,” the Co-op bank said. The bank, bailed out in 2013 by the hedge funds that owned its bonds, said in April that a string of charges for conduct matters such as payment protection insurance and prolonged low interest rates would mean it would take a year longer than expected to reach the goals set by the Bank of England’s Prudential Regulation Authority. ...
RBS: no evidence of criminal behaviour, rule prosecutors image
Source : Guardian [Read Article] Thursday 12th of May 2016 12:56:29 PM
.... Goodwin had no right of appeal, and in accordance with custom was given no right to make representations to the forfeiture committee, a group of four permanent secretaries. The Crown Office said its investigation had required co-operation from the Financial Conduct Authority - which replaced the FSA - the Prudential Regulation Authority, part of the Bank of England, as well as the Serious Fraud Office, the Financial Reporting Council and the Federal Reserve Bank of New York. ...
Over-confidence is a still a risk in the City, says new FCA chief image
Source : Guardian [Read Article] Monday 9th of May 2016 10:56:00 AM
.... How things have changed,” he added. Bailey, who as deputy governor of the Bank is also head of the Prudential Regulation Authority, is joining the FCA in July after George Osborne pushed out Martin Wheatley in a move that was regarded as a softening in the government’s stance toward banks. ...
City News: Hiscox, Premier Foods, Volkswagen and Chapel Down image
Source : Daily Express [Read Article] Friday 22nd of April 2016 10:48:00 PM
....Aki, whose basic salary will be £450,000, is expected to join in the second half of this year. He has spent the past seven years at Prudential. ...
Sam Woods appointed Bank of England deputy governor image
Source : Guardian [Read Article] Friday 8th of April 2016 03:24:29 PM
....Sam Woods is being promoted from his current role overseeing the insurance industry and replaces Andrew Bailey, who is being parachuted in to head the Financial Conduct Authority – the body that regulates the industry from a consumer standpoint. Woods – who at 42 is considered one of the rising stars at the Bank – will takeover as head of the bank’s regulatory arm, the Prudential Regulation Authority (PRA), on 1 July on a five-year term. ...
Sam Woods appointed as new PRA chief image
Source : BBC [Read Article] Friday 8th of April 2016 03:10:14 PM
. Sam Woods has been appointed as a Bank of England deputy governor and head of the Prudential Regulatory Authority, which oversees the banking sector. ...
Qatar Islamic Bank UK fined £1.4m by PRA image
Source : Guardian [Read Article] Friday 8th of April 2016 12:45:08 PM
....4m by the Bank of England for significant failings which left it undercapitalised and exposed to too high a level of risk. The business – which specialises in sharia-compliant property financing – had failed to realise that more than 25% of its capital had been lent to a single group of borrowers, said the Bank of England’s regulatory arm, the Prudential Regulation Authority. ...
Bank of England fines QIB's UK arm £1.4m image
Source : BBC [Read Article] Friday 8th of April 2016 10:30:42 AM
.... . The fine was levied by the Bank's Prudential Regulatory Authority (PRA) after QIB fell short of reporting requirements in 2011 and 2012. ...
Co-op Bank chairman defends Niall Booker's £4m pay after loss image
Source : Guardian [Read Article] Friday 1st of April 2016 10:26:41 AM
....As a result of the higher charges and other factors, including prolonged low interest rates, the bank said it would take a year longer than expected to reach required levels of capital strength. The revised plan, stretching to 2020, has been approved by the Bank of England’s Prudential Regulation Authority. ...
Pru pay: executives live by different rules image
Source : Guardian [Read Article] Thursday 31st of March 2016 06:32:42 PM
. The Prudential has never been accused of underpaying its executives so, in a sense, 2015 was far from a vintage year for the insurer’s top folk. ...
Tidjane Thiam earned £5m at Prudential in five months image
Source : Guardian [Read Article] Thursday 31st of March 2016 04:59:29 PM
. Prudential’s former chief executive was paid £5m for the last five months in the job, before he headed to Credit Suisse and received a further £13. ...
Mortgage clampdown ANOTHER blow for landlords amid fears property bubble could burst image
. Buy-to-let borrowers will face tougher lending rules under plans by the Bank of England's Prudential Regulation Authority (PRA) announced today. ...
Landlords face new affordability tests image
Source : BBC [Read Article] Tuesday 29th of March 2016 11:06:10 AM
....If adopted, the new rules could reduce lending to landlords by up to 20% over the next three years. The Prudential Regulation Authority (PRA) - an arm of the Bank - has recommended that banks and building societies take account of:. ...
Bank of England warns that vote to leave EU risks a credit crunch image
Source : Guardian [Read Article] Tuesday 29th of March 2016 11:00:22 AM
.... Last year, gross lending for buy-to-let property jumped to about £37bn, up from less than £10bn in 2009 and approaching the peak of almost £45bn in 2007. Lenders plan to increase buy-to-let lending by an average of 20% a year over the next two years, the Bank’s regulatory arm, the Prudential Regulation Authority, found. ...
Bank of England set to clamp down on  buy-to-let lending image
Source : Guardian [Read Article] Tuesday 29th of March 2016 07:36:12 AM
....The Bank has been watching the buy-to-let market for some time and is concerned about the amount of money pumped into the market and its vulnerability to even a small rise in borrowing costs. Threadneedle Street’s regulatory arm, the Prudential Regulation Authority, will on Tuesday publish a report on underwriting standards for buy-to-let mortgage lenders alongside scenarios for testing the financial strength of Britain’s banks. ...
Bank of England must burst the buy-to-let bubble now image
Source : Guardian [Read Article] Sunday 27th of March 2016 08:00:11 AM
.... The Bank is keen to avoid a downturn in the housing market being amplified by buy-to-let landlords selling up en masse because their investments have gone sour. On Tuesday, the Bank will publish the findings of its Prudential Regulation Authority on underwriting standards for buy-to-let contracts. ...
Is Chancellor finally killing off buy-to-let golden goose? image
Source : Daily Express [Read Article] Sunday 27th of March 2016 12:01:00 AM
....BTL investors may be more resilient than many people think as middle England defies the tax crackdown. Nearly three out of 10 over-55s still plan to invest in BTL over the next two years, according to research from Prudential. ...
National Grid leads utilities higher but Next and miners drag down FTSE image
Source : Guardian [Read Article] Thursday 24th of March 2016 10:08:01 AM
....01 as investors cash in recent gains. A handful of companies have gone ex-dividend, including Prudential, down nearly 4% at 1284. ...
Credit Suisse to cut another 2,000 jobs image
Source : BBC [Read Article] Wednesday 23rd of March 2016 08:25:31 AM
....The global markets business trades bonds and other financial products. Tidjane Thiam took over as chief executive of Credit Suisse last July, having spent six years leading the UK-based insurer Prudential. ...
Share Hunter: Legal & General eyeing long-term strategy image
Source : Daily Express [Read Article] Sunday 20th of March 2016 07:02:00 PM
....One less positive disclosure was that the group’s Solvency II surplus came in at £5. 5billion, representing a coverage ratio of 169 per cent, above the group’s own target (140 per cent) but below that reported by Aviva, Prudential and Standard Life. ...
Source : Reuters [Read Article] Thursday 17th of March 2016 07:43:14 AM
.... . Earlier this month, insurer Prudential renewed calls for Britain to remain in the EU, warning that an exit could make it harder for its UK fund management arm M&G to attract investors. ...

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