Jardine Lloyd Thompson has won a multi-million pound contract to look after pension funds for the Pru.

The broker, which has a well-established pension administration operation, has signed up to long-term deal under which it will run a package of funds including one for Pru staff and others for client businesses.

Most contracts of this type typically run for three to five years.

Under the terms of the deal, some Pru staff will transfer to JLT.

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