M&G subsidiary Prudential executes £85 million bulk annuity deal for Altro Pension Scheme

Reuters2026/08/20 08:39

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M&G’s Prudential subsidiary completed a GBP 85 million bulk purchase annuity for the Altro Pension Scheme.
Deal secured pension benefits for 740 members, executed via the BPA Plus structure in April 2026.
Transaction drew on M&G’s GBP 132 billion With-Profits Fund, offering potential discretionary bonuses alongside insured core benefits.
Bulk annuity business targets GBP 3 billion to GBP 4 billion of annual BPA sales by 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. M&G plc published the original content used to generate this news brief on August 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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M&G subsidiary Prudential executes £85 million bulk annuity deal for Altro Pension Scheme

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