Prudential sells £12bn annuity book to Rothesay Life
Part of demerger from M&G
Prudential has sold £12bn in annuity assets to reinsurance business Rothesay Life as part of its M&G demerger announced today.
The sale, which covers about 400,000 policies, comes as Prudential announced it would be splitting operations from M&G Prudential. It said the £12bn annuity sale was part of its transition towards a...
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