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Pru downplays impact of D2C plans on adviser relationships

Prudential has denied a proposed direct-to-consumer PruFunds proposition would damage the relationships it has with advisers. M&G Prudential chief executive John Foley says offering the PruFund range direct to customers would open up new channels for the business. Pru said it would be establishing a direct-to-consumer platform as part of the £250m investment into customer […]

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Old Mutual Wealth to spend £44m on 2017 acquisitions

Old Mutual Wealth will spend £44m on advice businesses acquired in 2017, including £24m on its purchase of network Caerus. Old Mutual Plc published its 2017 annual report today, which shows the Caerus deal was made up of a £15m cash consideration, £3m deferred for two years, and £6m deferred for three years. The completion of […]

India budget: BJP focuses on growth

By Kunal Desai, Head of Indian Equities

With markets kept open on Saturday, finance minister Arun Jaitley delivered a promising budget focused on growth and decentralisation. While many complained about a six-day working week, there was much to be pleased about and the markets rallied in the afternoon to finish in the green.

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