Third quarter net inflows from open business were broadly flat on last year, at £1.8bn, taking the year-to-date total to £4.2bn. Asset Management brought in £0.7bn, down from £1.5bn a year earlier, while PruFund flows were flat.
Group assets under management slipped from £387bn to £385bn over the quarter, mainly driven by market movements.
Bulk annuity deals reached £1.8bn so far this year, with full-year guidance now for more than £2.5bn.
The shares were broadly flat in early trading.
Our view
HL view to follow.
M&G key facts
All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.
This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
This article is not advice or a recommendation to buy, sell or hold any investment. No view is given on the present or future value or price of any investment, and investors should form their own view on any proposed investment.