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Prudential expands PGIM asset management and partners with Standard Life in U.K.

1 report, 1 independent Updated Sep 20
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Prudential Financial outlined a five-year strategy that includes expanding its PGIM asset-management business and narrowing its geographic footprint to about six markets. The company also partnered with Standard Life to operate in the U.K. retirement market.

From tickerreport.com

Why it matters

Some supportBrind's analysis of the reports

The strategy calls for rotating more than $3 billion of capital and increasing PGIM’s contribution to adjusted operating income from 12% to 25%. The consolidated PGIM platform is targeting about $150 million in savings, while the overall plan aims for $750 million in expense savings by the end of 2028.

From tickerreport.com

Who's involved

  • Prudential plcBritish multinational life insurance and financial services company executing the strategy
  • PGIMAmerican Investment Management firm expanding its asset-management business
  • Standard LifeInvestment, retirement and financial protection company partnering in the U.K. retirement market

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • PGIMSpeculative

    PGIM could see increased revenue from the expansion of its asset-management business and the U.K. retirement partnership.

  • Standard LifeSpeculative

    Standard Life might increase its sales and market share through the direct partnership in the U.K. retirement market.

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The entities involved

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Coverage

Newest first; wire copies grouped