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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Reeves nominates ex-MPC member Jonathan Haskel as next OBR chair

Reeves nominates ex-MPC member Jonathan Haskel as next OBR chair

Imperial College London professor

clock 23 June 2026 • 2 min read
Politicians urged to address long-term sustainability of state pension triple lock

Politicians urged to address long-term sustainability of state pension triple lock

Aegon says the triple lock debate is ‘not a simple case of keep it or scrap it’

Holly Roach
clock 23 June 2026 • 2 min read
Toolkit launched to promote the value of the LGPS

Toolkit launched to promote the value of the LGPS

Toolkit features materials such as video, posters and social media posts

Holly Roach
clock 23 June 2026 • 1 min read
Trustpilot