Prudential UK sales top £400m but M&G inflows slow

Total sales at Prudential UK in the first half of the year were £409m on an annual premium equivalent (APE) basis, up from £382m in the same period last year. New business profit was also up, rising to £146m in H1 2011 from £135m in the first six months of 2010. The group said UK corporate pension sales, at £147m APE, were 20% higher than the same period last year as it works with private sector customers on the transition from defined benefit to defined contribution. Meanwhile, total annuity sales were 23% lower in the first half, with external sales of £30m down 38% on the same p...