Prudential The labours of Tucker

Mark Tucker has many hard decisions to take if he is to revive the Prudential’s lacklustre UK life business. Seeking to release the surplus assets in the life fund is the easiest one. The others will be trickier. If releasing surplus assets sounds like money for old rope, that’s because that’s pretty much what it is. The Pru, along with other insurers, has over the years built up a substantial pile of cash and securities that exceed what it requires to meet its payments to policyholders. In the...