September 27, 2019 / 10:21 AM / 2 months ago

Prudential's M&G to appeal judgement blocking annuity transfer-M&G CFO

LONDON, Sept 27 (Reuters) - Prudential’s UK unit M&G will appeal a recent judgement blocking a transfer of 12 billion pounds ($14.75 billion) in annuities from Britain’s largest insurer to rival Rothesay Life, M&G’s Chief Financial Officer Clare Bousfield said on Friday.

Bousfield was speaking at an investor and analyst conference ahead of M&G’s planned split from its parent.

$1 = 0.8135 pounds Reporting by Carolyn Cohn; editing by Simon Jessop

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