Big change is coming to the man from the Pru and it could be sooner than expected. Prudential scrambled together an investor day on Wednesday to take the City through plans for the future of its British arm, which it is splitting from the rest of the insurance group (Katherine Griffiths writes).
The quickly organised event prompted suggestions that M&G Prudential’s life as an independent pensions and investment business in the UK and Europe, listed on the London Stock Exchange, could start this summer after the group’s half-year results in August, which is earlier than some were thinking.
The remaining business, under the Prudential plc quote, will contain the Asian, US and African business as well as its Eastspring Asian fund manager. Investors will receive