Prudential

M&G has reported a fifth consecutive year of record profits despite net outflows for its UK business increasing to £1.7bn in 2014.

Prudential chief executive Tidjane Thiam has been named as the surprise new head of Credit Suisse.

A Financial Conduct Authority (FCA) decision to brief a national newspaper on its plans to review long-term insurance contracts - which prompted significant falls in the share prices of several major providers - was "high risk" and inadequate, according...

Members of the executive committee at the Financial Conduct Authority (FCA) stand to lose their bonuses over the blunder that caused a collapse in prices of large insurance companies, according to reports.

M&G reported a net outflow of more than £1bn in the UK during the first nine months of the year, although this was offset by strong sales in Continental Europe, the group said.

Prudential has been paid £155m for the sale of its 25% stake in PruHealth and PruProtect to South African insurance group Discovery.

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John Betteridge, the former chief investment officer of Prudential's UK insurance division, has joined Rowan Dartington to head its asset allocation team.

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