M&G set to cut 10% of jobs to boost sluggish profits

Fund manager M&G is to cut staff numbers by 10% following a fall in pre-tax profits from £1.62bn to £1.149bn.

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Fear of contagion as second property fund suspended

There are growing concerns that more property funds will be suspended after Prudential halted dealing in its UK Property Fund late on Friday.

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FCA fines Pru £23.9m for annuity sales failures

The Financial Conduct Authority has today fined The Prudential Assurance Company Limited £23.875m for failures related to non-advised sales of annuities.

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L&G signs new introducer agreement with Prudential

Legal & General’s Retail Retirement division has signed a new introducer agreement with Prudential. 

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