M&G  

M&G Wealth to focus on tech to grow platform

However, the company saw a 94 per cent drop in net flows into PruFund in 2020 which was attributed to the lack of face-to-face financial advice during Covid.

FTAdviser reported in March that the catalyst for the 94 per cent drop was largely lower sales, rather than increased outflows: sales volumes fell from £10.2bn to £5.2bn, while outflows rose from £3.8bn to £4.8bn. 

amy.austin@ft.com

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