Standard Life and Pru consider fund manager flotations

Standard Life Investments and M&G Investments could be sold off onto the London Stock Exchange by their owner groups, according to reports.

Standard Life is thought to be drumming up support in the City for a possible flotation of its investment arm, while Prudential is considering listing M&G.

The reports, in this morning’s Independent, say both groups have been alerted to the possibility of floating their asset management arms by the listing of Jupiter Asset Management in June, which was received warmly by the City. (article continues below)

They say both companies would be likely to retain small teams from the asset managers to handle their life assurance assets, or large stakes in the subsidiaries.