Prudential’s new focus

Prudential’s new focus

Headline: Prudential’s new focus Source: Euromoney Date: September 2000 Traditional institutional fund management no longer holds much appeal for Prudential. Earlier this year the UK insurer sold off its pension fund equity business – some £11.5 billion ($18.5 billion) of assets under management – because it was not turning enough profit. […]

Headline: Prudential’s new focus
Source: Euromoney
Date: September 2000

Traditional institutional fund management no longer holds much appeal for Prudential. Earlier this year the UK insurer sold off its pension fund equity business – some £11.5 billion ($18.5 billion) of assets under management – because it was not turning enough profit.

Instead Prudential is putting its focus on higher margin retail business, although it is retaining its institutional fixed income accounts.

Michael McLintock, chief executive of M&G, Prudential’s asset management division, says: “We took a view that the traditional balanced and equity pension fund mandates were essentially a very mature business.

Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access

Prudential’s new focus

Access intelligence that drives action

Challenger banks redefine SME banking

Awards for Excellence 2025 winners celebrate in London

The world’s best bank 2025: DBS

CIB’s CEO Al-Arab on realism, reform and resilience