Prudential

Prudential's operating profit before tax rose 9% to $1.81 billion in the first half to June 30, as the insurer raised its interim dividend by 15% and unveiled a further $300m share buyback. The firm reported that its adjusted operating profit after tax increased by 10% to $1.52bn. Adjusted earnings

Standard Life has launched a strategic pension risk transfer (PRT) partnership to target the large UK defined benefit schemes, backed by up to £2bn in capital commitments over the next five years. The transaction is structured with a consortium led by private equity firm CVC Capital Partners a

M&G Wealth, which has £28 billion of assets under management, is to deliver a new hybrid robo-adviser service that will be run by humans but “underpinned by digital technology”. The firm, which is a spin-out from Prudential, has appointed Ignition Advice to develop the “l

The Financial Conduct Authority (FCA) has fined The Prudential Assurance Company Limited (Prudential) £23,875,000 for failures related to non-advised sales of annuities. Between July 2008 and September 2017, Prudential’s non-advised annuity business focused on selling annuities directly

Vince Smith-Hughes Retiring with debts outstanding is a problem that has started to grow again, according to new research by Prudential.