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 July, 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: Partnership Agreement
FOR IMMEDIATE RELEASE
19 July 2004
Prudential UK and Pearl enter into ANNUITY AGREEMENT
Prudential UK and Pearl(1) have today announced an agreement, which will give
Pearl's personal pension(2) customers access to a Prudential annuity when their
plan matures. The agreement will take effect from September 2004 and will run
for five years.
On maturity of their personal pensions, Pearl customers will be offered an
annuity from Prudential, while retaining the right to select the Open Market
Option should they wish to follow this route.
Pearl's personal pension customers will benefit from the same annuity rates that
Prudential offers via Independent Financial Advisers. They will also benefit
from Prudential's financial strength and expert administration processes.
Isabel Hudson, Director of Corporate Partnerships, Prudential UK said: "This
agreement demonstrates the strength of the Prudential brand in the market and
marks a step change in our strategy to deliver key partnerships. We continue to
develop other opportunities over the coming months."
Notes to Editors:
1. Pearl is one of four main life companies, all closed to new business forming
HHG PLC's Life Services division which looks after 5 million policies.
Approximately 5000 of these policies per year will be maturing Pearl personal
pensions with access to a Prudential branded annuity.
2. This agreement covers all pensions written from 1 July 1988 under personal
pension schemes administered by Pearl Assurance PLC and Pearl Assurance (Unit
Linked Pensions) Ltd. It does not cover any other Pearl pension product nor any
pension product issued by NPI or London Life.
3. This agreement builds on Prudential's annuity reassurance agreement with
Zurich Financial Services.
Prudential UK Media Enquiries to:
Paul Keeble, 020 7150 2191, 07904 081250
paul.keeble@prudential.co.uk
Prudential PLC Media Enquiries to:
Clare Staley, 020 7548 3719
clare.staley@prudential.co.uk
HHG Media Enquiries to:
Louise Dolan, Financial Dynamics, 020 7269 7192
Prudential Investor Relations to:
Rebecca Burrows, 020 7548 3537
Marina Lee-Steere, 020 7548 3511
HHG Investor Relations to:
Investor.relations@hhg.com
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: 19 July 2004
PRUDENTIAL PUBLIC LIMITED COMPANY
By: /s/ Clare Staley
Clare Staley
Group Media Relations Manager