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Mar 2018 Prudential has announced the restructuring of its activities into two entities. Life insurance will remain in the United Kingdom and the European asset management will be entrusted to a new entity called M & G Prudential.
The already existing company will focus on the group's international business in Asia, Africa and the United States.
To do this, the British insurer has announced the sale of a 12 billion GBP-pension management portfolio (16.8 billion USD) to the Rothesay Life group. The resources generated by the transaction will be used to finance the spin-off of the company.
No specific schedule has been announced. The operation should nevertheless be completed by the end of 2019.
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