ANNUAL REPORT 2001 - Prudential plc
ANNUAL REPORT 2001 - Prudential plc
ANNUAL REPORT 2001 - Prudential plc
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PRUDENTIAL AT A GLANCE<br />
PRUDENTIAL’S UK & EUROPEAN<br />
INSURANCE OPERATIONS<br />
<strong>Prudential</strong> is a leading life and<br />
pensions provider in the UK.<br />
• <strong>Prudential</strong>’s UK Insurance<br />
Operations provide a range of<br />
financial products and services<br />
including annuities, corporate and<br />
individual pensions, with-profits<br />
bonds and investment products to<br />
more than seven million customers.<br />
• Its products are distributed<br />
through a number of channels<br />
including direct to customers<br />
(telephone, internet and mail),<br />
through intermediaries including<br />
Independent Financial Advisers<br />
and consulting actuaries, through<br />
the workplace to its corporate<br />
pensions customers and via<br />
affinities and banks.<br />
• The business currently employs<br />
some 8,000 staff located in offices in<br />
Stirling, Reading, Belfast and London.<br />
<strong>Prudential</strong> Europe was formed in 1999<br />
to spearhead <strong>Prudential</strong>’s expansion<br />
into continental Europe. Its operations<br />
encompass both the manufacture and<br />
distribution of <strong>Prudential</strong> branded<br />
products in France and Germany.<br />
• <strong>Prudential</strong> offers single premium<br />
savings products in France, as well<br />
as critical illness cover and mutual<br />
funds in Germany.<br />
• Its products are sold through local<br />
distribution partners.<br />
• <strong>Prudential</strong> Europe employs some<br />
620 staff at its offices in Dublin,<br />
Frankfurt and Paris.<br />
www.pru.co.uk<br />
www.prudential.fr<br />
www.prudential.de<br />
M&G<br />
Founded in 1931, M&G was acquired<br />
by <strong>Prudential</strong> in 1999 and is the<br />
Group’s UK and European fund<br />
manager with over £120 billion of<br />
funds under management, including<br />
£80 billion managed on behalf of the<br />
<strong>Prudential</strong> Assurance Company’s and<br />
Scottish Amicable’s long-term funds.<br />
• M&G’s retail investment products<br />
include unit trusts, PEPs (Personal<br />
Equity Plans), ISAs (Individual<br />
Savings Accounts), OEICs (Open<br />
Ended Investment Companies) and<br />
investment trusts. Its institutional<br />
business focuses on segregated fixed<br />
interest and pooled pension funds.<br />
• M&G employs some 1,300 staff<br />
and services more than 906,000<br />
unit holder accounts.<br />
• <strong>Prudential</strong> Property Investment<br />
Managers, the largest institutional<br />
property investor in the UK, and<br />
PPM Ventures, a private equity<br />
investment business, are also part<br />
of the M&G group.<br />
www.mandg.co.uk