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. 


What do you think about the issues raised by this story? Email us on FTAletters@ft.com to let us know