Ousted Pru Chief Vindicated As Life and Pensions Strategy Pays Off
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Summary
PRUDENTIAL said yesterday it was hitting its target for 10per cent growth in its UK life and pensions business, as it unveiled a 17per cent rise in underlying new business after an unexpectedly strong overseas performance.
Its interim results appeared to vindicate the strategy of former chief executive Jonathan Bloomer, ousted earlier this year after shareholder discontent over a rights issue to fund UK expansion added to unease over undelivered promises such as the sale of internet bank Egg.See the full content of this document
Extract
Ousted Pru Chief Vindicated As Life and Pensions Strategy Pays Off
MarkTucker, who took over as chief executive in May, said he would update the market on any tactical shift at the...
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