Insurer Prudential mulls shifting funds to Dublin or Luxembourg

Insurer Prudential could shift more funds from its asset management business to Dublin or Luxembourg to maintain access to the EU’s single market after Britain’s vote to leave the bloc, its asset management boss has said.

Prudential — like other British insurers — has experienced volatility in its share price from the uncertainty caused by the Brexit vote at the end of June.

But the life insurer is concentrating its growth efforts on Asia, which contributes around a third of its operating profit.