Prudential was first established in 1848 in London, when it was known as the Prudential Mutual Assurance and Loan Association. Today it is a retail financial services company operating in Asia, the US and the UK. Prudential employs over 28,000 people to manage over 21 million customers worldwide and are listed on the London and New York stock exchanges.
Prudential was the founder of the Egg internet bank, which it sold to Citigroup in 2007. Across the Group it has £256 billion of funds under management (figures taken in 30 June 2008).
Prudential offers a range of pensions and savings schemes. They are most well-known for the sale of with-profit bonds and pensions, corporate pension schemes, bulk annuities and individual annuities. The company left the insurance market in 2002, licensing Churchill Insurance to use the Prudential name.