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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Aon Master Trust connects to pensions dashboards ecosystem

Aon Master Trust connects to pensions dashboards ecosystem

Aon confirmed it had connected the scheme ahead of the 30 April target

Holly Roach
clock 08 May 2025 • 1 min read
Bank of England cuts interest rates to 4.25% amid mounting challenges

Bank of England cuts interest rates to 4.25% amid mounting challenges

Markets had been forecasting a 25bps cut this month given April's NIC rise

Sorin Dojan
clock 08 May 2025 • 4 min read
Barnett Waddingham makes first connection to pensions dashboards ecosystem

Barnett Waddingham makes first connection to pensions dashboards ecosystem

Connection was made by consultancy’s integrated service provider, Equisoft

Holly Roach
clock 08 May 2025 • 1 min read
Trustpilot