Pru expects big savings from single IT infrastructure

Financial services group Prudential expects to save up to £25m a year by creating a single global IT infrastructure to support all its brands, including online bank Egg, which it now says it will keep.

Financial services group Prudential expects to save up to £25m a year by creating a single global IT infrastructure to support all its brands, including online bank Egg, which it now says it will keep.

Prudential chief executive Mark Tucker said the company would retain Egg after failing in its extended attempt to sell it.

Tucker said Prudential would retain a federal structure for its various brands, but said greater integration at the operational level was needed, and that included IT.

He said work was already underway to create a single global IT infrastructure that should save the Pru between £20m and £25m per year.

The re-organisation includes a review of the company’s data centre operations, which are currently outsourced to Capgemini.

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