The demerger will create M&G Prudential, a savings and investment provider for UK and Europe, and Prudential plc, which will focus on insurance opportunities in Asia, the United States and Africa, the company said in a statement.
Staff in the Prudential's annuities department in Reading will from Wednesday not carry out work linked to the transfer of the jobs to Mumbai, Unite said in a statement.
"The company on August 11, 2015, acquired 50 percent equity stake in Pramerica Asset Managers Private Limited, the asset management company of Pramerica Mutual Fund, and Pramerica Trustees Private Limited, the trustee for the Pramerica Mutual Fund, from PGLH of Delaware (Prudential)," it said in a BSE filing.
The survey, which interviewed couples aged over 40 living in the UK, found that couples are risking their financial futures by hiding not only debts, but savings, investments and even income from each other.
The global markets have had a great run since the beginning of 2012. Nicholas Ferres, investment director and member of the global asset allocation, Prudential Asset Management says, he wouldn't be surprised to see a modest correction in the near-term.