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Prudential sells off £12bn annuity book
Prudential has sold £12bn in annuity assets to reinsurance business Rothesay Life as part of its M&G demerger announced today.
The sale, which covers about 400,000 policies, comes as the provider announced it would be splitting operations from its asset management arm M&G. It said the £12bn annuity sale was part of its...
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