Prudential issues - papers 29 October

Other examples include proposing incentive schemes for executives while slashing bonuses for policyholders, and last year’s decision to cut the dividend despite assurances of capital strength, the paper writes. Working against those who would like to see some changes at the top is the fact there is no dominant institutional shareholder in the company: Fidelity and L&G each hold 4% as the biggest investors, followed by Lehman Brothers with 3.6%, and Morley Fund Management and Schroder Investment Mangagement with 3% each, the paper adds. The Times points out that Pru competitor Aviva se...