Prudential to merge UK businesses to create M&G Prudential

The combined business will manage £332bn of assets for six million customers. In an announcement as part of its half-year results today, the group said it will combine M&G's active fund management expertise with Prudential UK & Europe's capabilities in volatility-adjusted savings and liability-driven investment to provide more choice for customers across both brands through retail, institutional and direct channels. The unified business will also be "better positioned to develop and fund joint product propositions and to build new digital services and distribution to meet fast changin...