IFA anger as Pru undermines advice

Professional Adviser can reveal the with-profits giant aims to continue to extend this practice, despite furious responses and threats to boycott Prudential business from a number of adviser firms. Les Beavis, managing director, Financial Management Bureau, said that he had been appalled to discover that the Prudential was contacting his clients “behind his back” after advice was given to surrender Pru Bond business. “I think it is appalling that the Pru are effectively questioning IFAs' advice. “They don't know the client, we do. It is another example of the big insurers’ concerns...