Prudential mulls UK exit as regulation bites - reports

Firm 'worried' about Solvency II rules

Laura Dew
clock

British insurer Prudential is believed to be considering exiting the UK and moving its headquarters to Asia, prompted by upcoming stricter regulation.

According to the Sunday Times, the insurer is considering changing its UK-listed operations to a separate company or selling them altogether to ward off tougher Solvency II regulation coming into force next year. From January 2016, the new Solvency II rules will mean Prudential would need to hold more capital reserves than ever before to honour policyholder commitments in the event of a downturn.  This could cause its reserves to fall from £9bn to £3bn to account for the extra costs, the paper reports, citing analysts. The firm already has a strong presence in Asia, with Hong Kong ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Retirement

Watch PA's Working Lunch with L&G: Navigating the new landscape of retirement solutions

Watch PA's Working Lunch with L&G: Navigating the new landscape of retirement solutions

Catch up on the discussion

Professional Adviser
clock 09 April 2026 • 1 min read
The changing nature of retirement planning

The changing nature of retirement planning

Retirement planning conversations must 'evolve'

Lorna Shah
clock 02 April 2026 • 4 min read
The advice dividend in an age of retirement uncertainty

The advice dividend in an age of retirement uncertainty

The UK pensions landscape has become progressively more complicated in recent decades

Andrew Tully
clock 17 February 2026 • 4 min read