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

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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...

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