SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of 4 November, 2004
PRUDENTIAL PUBLIC LIMITED COMPANY
(Translation of registrant's name into English)
LAURENCE POUNTNEY HILL,
LONDON, EC4R 0HH, ENGLAND
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82-
Enclosures: Fund Licence in Vietnam
Prudential awarded fund management licence in Vietnam
Prudential plc today announced it has been awarded a fund management licence in
Vietnam by the State Securities Commission, the Vietnamese financial services
regulator. This is Prudential's eighth fund management licence in the Asia
region.
Mark Norbom, Chief Executive Prudential Corporation Asia said, "We are very
pleased with our new fund management licence for Vietnam. We have established an
enviable reputation in this market with our life insurance operation and I would
like to confirm our continued commitment to Vietnam as we work to develop this
new opportunity."
Ajay Srinivasan, Managing Director, Fund Management Prudential Corporation Asia
added; "Our funds business in Asia has a very clear strategy for growth. We have
a proven track record of delivery and have built a sizeable business in a
relatively short time. Our goal is to be a significant and profitable force in
all our chosen markets. With our customer-centric strategy, I am confident that
we will continue this success as we develop and grow our funds business in
Vietnam."
The new Vietnamese fund management company continues the rapid expansion of
Prudential's fund management business across Asia. Prudential has a leading fund
management position in a number of markets across Asia.
- Ends -
Enquiries to:
Media Investors/Analysts
Geraldine Davies 020 7548 3911 Rebecca Burrows 07718 637264
Clare Staley 020 7548 3719 Marina Lee-Steere 07967 497474
Joanne Davidson 020 7548 3708 Mike Kempster 020 7548 3823
Notes to Editors:
Prudential plc
Prudential plc is a leading international financial services group, providing
retail financial services and fund management in its chosen markets: the United
Kingdom, the United States, Asia and continental Europe.
Prudential has been writing life insurance in the United Kingdom for over 150
years and has had the largest long-term fund in the United Kingdom for over a
century. Today, Prudential has over 16 million customers worldwide and GBP170
billion of funds under management (as at 30 June 2004).
In the United Kingdom Prudential is a leading life and pensions provider
offering a range of retail financial products. M&G is Prudential's UK & European
Fund Manager, with over GBP112 billion of funds under management (as at June
2004). Jackson National Life, acquired by Prudential in 1986, is a leading
provider of long-term savings and retirement products to retail and
institutional customers throughout the United States. Egg plc, in which
Prudential has a 78 per cent shareholding, provides banking, insurance and
investment products through its internet site www.egg.com.
Prudential is the leading European-based life insurer in Asia with 24 operations
in 12 countries.
* Prudential plc, a company incorporated and with its principal place of
business in the United Kingdom, and its affiliated companies constitute one of
the world's leading financial services groups. It provides insurance and
financial services directly and through its subsidiaries and affiliates
throughout the world. It has been in existence for over 150 years and has over
US$300 billion (GBP170 billion) in assets under management, as at 30 June
2004. Prudential plc is not affiliated in any manner with Prudential Financial,
Inc, a company whose principal place of business is in the United States of
America.
Forward-Looking Statements
This statement may contain certain "forward-looking statements" with respect to
certain of Prudential's plans and its current goals and expectations relating to
its future financial condition, performance, results, strategy and objectives.
Statements containing the words "believes", "intends", "expects", "plans",
"seeks" and "anticipates", and words of similar meaning, are forward-looking. By
their nature, all forward-looking statements involve risk and uncertainty
because they relate to future events and circumstances which are beyond
Prudential's control including among other things, UK domestic and global
economic and business conditions, market related risks such as fluctuations in
interest rates and exchange rates, and the performance of financial markets
generally; the policies and actions of regulatory authorities, the impact of
competition, inflation, and deflation; experience in particular with regard to
mortality and morbidity trends, lapse rates and policy renewal rates; the
timing, impact and other uncertainties of future acquisitions or combinations
within relevant industries; and the impact of changes in capital, solvency or
accounting standards, and tax and other legislation and regulations in the
jurisdictions in which Prudential and its affiliates operate. This may for
example result in changes to assumptions used for determining results of
operations or re-estimations of reserves for future policy benefits. As a
result, Prudential's actual future financial condition, performance and results
may differ materially from the plans, goals, and expectations set forth in
Prudential's forward-looking statements. Prudential undertakes no obligation to
update the forward-looking statements contained in this statement or any other
forward-looking statements it may make.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Date: 04 November, 2004
PRUDENTIAL PUBLIC LIMITED COMPANY
By: /s/ Clare Staley
Clare Staley
Head of Group Media Relations