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The Financial Conduct Authority has today fined The Prudential Assurance Company Limited £23.875m for failures relating to non-advised sales of annuities.

Prudential today announced plans to demerge M&G from Prudential plc in a move that will result in two separately-listed FTSE 100 companies, each with a ‘distinct’ investment prospects.

Prudential's Class of 2012 research has highlighted a lack of long-term planning when it comes to coping with ill-health in retirement, says Prudential.

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