M&G Prudential reports external net inflows of £9.9bn in first nine months of 2017

Combining UK businesses

M&G Prudential has delivered a strong set of results for the first nine months of the year, reversing last year's outflows, as it integrates its UK savings and investments businesses into a single entity.

In the UK & Europe, M&G Prudential reported external asset management net inflows of £9.9bn in the first nine months across a range of wholesale, direct, and institutional strategies. This compared to net outflows of £8.1bn for the same period last year.  Within this, M&G Prudential's Wholesale and Direct channel reported net external inflows of £7.8bn, a reversal from outflows of £7.2bn last year. In addition, continued demand for risk-managed solutions has driven life insurance APE sales growth of 25% over the same period, with new business profit up 31% to £234m. This includes APE ...