Pru reports 15pc rise in new business for Q3

Overall its group new business was up 15pc in Q3, compared to the same period last year, while UK retail business was up 14pc at £594m APE. Prudential did however accept that, due to a slow down in the Asian markets, it was unlikely to reach its target of doubling 2005 new business profit in the region by the end of 2008 but expects to achieve this by the end of 2009. Group chief executive, Mark Tucker, said: "Looking beyond these immediate events, Asia is the only region in the world that is expected to record high single digit economic growth rates in both 2008 and 2009. "This, co...