News
Get the latest updates on Prudential, our services, our products and our funds.
Retirement Account’s online functionality
We want to make it clear what servicing can be done fully online, and outline the support we have available for you, if you need it, as we continue to work through COVID 19.
Ascentric is now part of M&G plc
Today we’re delighted to announce that, following approval from the FCA, Ascentric is now part of M&G plc.
Further UPAs affecting some of our PruFunds
We’ve confirmed that we’ll be applying upwards Unit Price Adjustments (UPAs) to some of our PruFund funds due to an uplift in market conditions impacting their underlying performance.
Market Updates and Covid-19 Response
We understand that both you and your clients are facing into unprecedented challenges like never before. Our new hub provides guidance and information to support you through this difficult time.
Onshore bonds and others
We appreciate your patience during these extraordinary times. We’re following Government advice and mostly working from home to look after our people so they can continue to give you the best possible service.
Prudential International Assurance (PIA)
Following the latest Government guidelines, our Prudential International Contact Centre (PICC) will now be working remotely. This means we need to make a temporary change to the way it operates.
Trustee Investment Plan
We appreciate your patience during these extraordinary times. We’re following Government advice and mostly working from home to look after our people so they can continue to give you the best possible service.
Protecting your clients from scammers
The Covid-19 effect on markets and personal finances is making people more susceptible to financial scams than ever before.
It has been announced today that M&G plc is to acquire Ascentric from Royal London Group, subject to regulatory approval.
The acquisition is part of M&G’s strategy to grow its business in this important market, and to expand its range of service propositions for independent financial advisers (IFAs) and their clients.
Service updates for Prudential ISA
As the COVID-19 situation evolves, we are committed to supporting you and your clients. Our recently launched online ISA service is the quickest and easiest way to have visibility and control of your client’s investments.
A message from M&G plc Chief Executive John Foley
“At these very difficult times, we have two clear priorities: the safety and well-being of colleagues and continuing to serve you and your clients to the best of our abilities.
Assessing the response to coronavirus
The Long Term Investment Strategy team, part of the Investment Office at M&G, sets the Strategic Asset Allocation for Prudential’s savings and investment products. As part of this, we regularly review portfolio sensitivity to political and economic developments. This note looks at the market impact of the coronavirus outbreak to date and assesses the effectiveness of monetary and fiscal responses so far.
T&IO Liquidity Risk Management Update
Liquidity Risk was extremely topical in 2019 following the high profile demise of Woodford IM, ultimately driven by exposure to ‘unlisted’ investments, which sent shockwaves throughout the industry.
Suspension of various property funds
Fund managers have to make important decisions in order to protect the clients already invested in their funds. Due to difficult market conditions, the fund managers have decided to temporarily suspend the following funds: Aviva Investors Property Trust, BMO Property Growth & Income, Janus Henderson UK Property PAIF Feeder, Legal & General UK Property Feeder, and Standard Life Investments UK Real Estate Feeder
Further UPAs affecting some of our PruFunds
We’ve confirmed that we’ll be applying more downward Unit Price Adjustments (UPAs) to some of our PruFund funds due to difficult market conditions impacting their underlying performance.
Taking stock of the coronavirus correction
The end of February saw one of the most rapid market corrections in history as investors confronted the building evidence that the outbreak of the 2019 strain of coronavirus, dubbed Covid-19, had not been contained within China and could become a more global pandemic.
Latest investment update from M&G Treasury & Investment Office
It has been a helter-skelter week as the world grapples with interpreting the raft of Covid-19 supporting measures versus its widening reach.
Prudential International Assurance (PIA) - Brexit Update
This transitional period is expected to continue until at least 31 December 2020. During this time all EU rules and regulations will continue to apply to the UK and there will be no immediate impact to the servicing of PIA policies.
Suspension of the Prudential M&G Property Portfolio Life & Pension funds
We have announced a suspension on transactions on a number of insured property funds that we offer. These funds are linked to the M&G Property Portfolio Fund which was suspended on 4th December 2019.
LIBOR transition - upcoming changes
LIBOR, the London Interbank Offered Rate, is due to be replaced before the end of 2021, though the changes required in financial markets are likely to gain momentum throughout 2020.
How we’re responding to the FCA Retirement Outcomes Review
In June 2016, the FCA launched their Retirement Outcome Review (ROR) to investigate how consumers and providers were responding to the pension freedoms changes.
M&GPrudential has demerged from Prudential plc today. Introducing M&G plc.
From 21 October 2019 we’ve listed on the FTSE 100 as a new independent company, M&G plc.
Prudential International Assurance (PIA) - Brexit update
There is a high degree of political uncertainty surrounding the date of the UK’s departure from the EU, and negotiations are still ongoing between both parties to determine the terms on which the UK leaves. However, 31 October 2019 remains the legal date of departure.
New corporate name for M&GPrudential at demerger
M&GPrudential has announced its intention to list its shares on the London Stock Exchange under the name M&G plc when it demerges from Prudential plc later this year.
The funds we've highlighted with our quarterly life and individual pension unit linked review
We're now making the results of our quarterly life and individual pension unit linked review available.
Principles and Practices of Financial Management
All firms that carry out with-profits business are required to publish the Principles and Practices of Financial Management (PPFM) that are applied in the management of their with-profits funds.