Prudential

Prudential has launched a new lower cost FundSIPP option which will give direct access to 1,1000 funds through supermarket Cofunds.

Prudential has reported a 4% increase in UK sales in Q1 this year, to £189m (APE basis).

Voluntary pension contributions have almost halved in the past 12 months, according to research from Prudential.

The rush to meet annual ISA allowances will be as busy as ever despite the current market volatility, with Cautious Managed vehicles again likely to be the best selling, according to Prudential.

Prudential has launched its largest fund range on an offshore bond through the Portfolio Account.

Living Time has appointed three directors from Prudential to spearhead its expansion into the annuity and income drawdown markets.

Prudential has announced UK retail new business profit climbed 17% to £223m in 2007, with total new business profit up 4% at £277m.

Prudential has paid out £2.7bn in with-profits bonuses this year, compared to £2.5bn in 2007.

People retiring in 2008 will draw an average annual income about £5,000 less than the average income of a worker, according to research by Prudential.

Prudential's total UK sales remained flat in 2007 and the insurer relied on Asian business to boost group figures, according to its annual results.