Prudential rules out distribution

News

UK insurer Prudential, following Norwich Union's example, has ruled out handing a special distribution back to policyholders as part of its review of the £8.7 billion inherited estate, and is instead reviewing whether a reattribution will be possible.

Earlier this year, Norwich Union, the UK subsidiary of Aviva, handed back £2.1 billion to policyholders as part of it own review of its inherited estate - a portion of assets built up in with-profits funds over their lifetime but which have not been

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