The Prudential Staff Pension Scheme has entered into a £3.7bn longevity swap with Pacific Life Re, insuring the longevity risk of over 20,000 pensioners.
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.
M&G Prudential has announced it will rebrand and list its shares as M&G later this year.
Prudential has secured an additional 13% of sales in its retirement business, but corporate pension sales fell marginally from £286m to £275m.
Prudential is to slash the size of its corporate defined contribution (DC) pensions business as it moves to purely online- and telephone-based services, Professional Pensions can reveal.
M&G Prudential has announced plans to terminate its contract with Capita for the administration of its UK life and assurance business.
Prudential has announced it will combine its UK savings and investments businesses to create a single entity named M&G Prudential.