The Prudential is considering plans to move its headquarters away from the UK due to incoming EU capital rules, according to reports.
The move could see the insurance giant sell its UK life and pensions arm or float it as a separate business and move its headquarters to Asia, probably Hong Kong or Singapore, The Sunday Times reported.
The Pru is considering the plans due to incoming Solvency II rules, which from January will require insurers to hold additional capital reserves to protect against future financial crises…Read more at New Model Advisor