Here is our weekly heads-up on the stories that may have caught your clients' attention over the weekend...
Prudential could exit UK Insurer Prudential could leave the UK in favour of Asia over fears linked to “onerous” European Union regulations, the Sunday Times reports. The paper said a “radical plan” could result in the £36n insurer move its headquarters from London to Hong Kong or Singapore. It said its British operations could be sold off or spun out into a separate listed company, according to City sources. The trigger, the Sunday Times said, was EU regulations designed to protect the insurance sector against unpredictable future financial shocks. It added the Prudential ...
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