Prudential bond sales balance annuities drop-off

New sales of onshore and offshore bonds, individual pensions and income drawdown collectively increased by 37% in the period to the end of September, balancing a 47% reduction in sales of individual annuities. Annuity sales reflected the slowdown in the market following the Budget announcement in March, it said. As a result, the provider said retail new business profit was 22% lower year-to-date. It added it expects increased investor interest in its with-profits offering due to the recent market volatility.   Asset management Meanwhile, M&G reported a net outflow of more t...