M&G PLC

British life insurer Prudential said on Thursday it would separate its U.S. business Jackson through a demerger to better focus on Asian and African markets, while adding it was considering raising $2.5-3 billion in new equity.

A group of 30 asset managers with more than $9 trillion under management launched the Net Zero Asset Managers Initiative on Friday to help clients ensure their portfolios are carbon neutral by 2050.

A UK court of appeal on Wednesday overturned a judgment blocking the transfer of 12 billion pounds ($15.97 billion) in annuities from insurance giant Prudential to specialist provider Rothesay Life, paving the way for a second transfer hearing.

Britain is considering a "quick win" reform of capital rules for insurers after the Brexit transition period ends, a senior Bank of England official said on Wednesday.

Investors are pushing major European companies to make sure the "missing" costs of climate change are properly reflected in their financial statements, a move that could wipe billions of dollars off the value of sectors from energy to aviation.

The Bank of England (BoE) on Thursday backed plans to make investors wait up to six months before getting money back from property funds, saying there could be benefits from an even longer delay.

Separate reviews in the European Union and Britain of capital requirements for insurers are likely to produce a similar set of rules for cross-border firms, insurers said on Tuesday.

Fund managers Columbia Threadneedle and St James's Place <SJP.L> said on Wednesday they would reopen their suspended UK property funds after British surveyors said they no longer saw any "material uncertainty" in real estate valuations, which was a major barrier to reopening...

British surveyors said on Wednesday there was no longer "material uncertainty" over real estate valuations, paving the way for the reopening of many frozen funds in the 70 billion pound ($91 billion) UK property fund sector.

British savers have lost 31 million pounds ($40.71 million) to pension scams since 2017 according to official data but the actual figures are likely to be much higher, British watchdogs said on Tuesday.

M&G <MNG.L> is planning to launch its flagship Prufund retail savings product in mainland Europe by year-end, it said on Wednesday, as the British insurer and asset manager reported above forecast first-half profit.

Investors in property funds should wait up to six months before they can get their money back to avoid a stampede for the exit leading to widespread suspensions in rocky markets, Britain's Financial Conduct Authority proposed on Monday.

Investors in property funds should wait up to 180 days before they can get their money back, Britain's Financial Conduct Authority proposed on Monday.

British shares fell on Friday as souring U.S.-China relations weighed and marked weekly losses as concerns over the coronavirus and uncertainty over a vaccine spurred a selling-out of equities.

Britain's FTSE 100 index is seen opening 15 points higher at 6,258 on Wednesday, according to financial bookmakers. * WILLIAM HILL: British bookmaker William Hill on Tuesday launched an issue of shares worth up to 20% of its share capital. * ASSET MANAGERS: Six asset managers...

Six asset managers including M&G <MNG.L> and Legal & General <LGEN.L> said they were keeping property funds totalling more than $7.5 billion in assets frozen as valuers continue to struggle to assess real estate due to the coronavirus crisis.

Insurer and asset manager M&G is keeping its $3.2 billion UK Property Portfolio suspended following a six-month freeze, as it could not assess the value of its real estate assets accurately due to the coronavirus crisis, it said on Tuesday.

Royal London Mutual Insurance Society Ltd :

* Hiscox says paying claims quickly and fairly (Adds Hiscox comment, bullet points)