UK Insurance - Prudential cancels reattribution

News

Prudential has slammed the brakes on moves to reattribute its £8.7 billion inherited estate to policyholders, with a senior figure at the company arguing that it, "Wasn't clear whether it is possible to get an outcome that is valuable to both parties."

According to David Belsham, actuarial director at the London-based company, the process of reattribution - where policyholders are granted an increase in their asset share, with shareholders funding an equivalent increase in the estate in exchange

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