No Free Lunches at M&G as 20-Pound Gift Limit Imposed on StaffBy and
New rules require any meal in excess of $29 to be logged
M&G asks brokers to detail costs of any hospitality by e-mail
M&G Investments, the asset manager owned by Prudential Plc, has tightened hospitality rules by capping the value of entertainment staff can receive from brokers at 20 pounds ($29) as regulators seek to curb inducements between financial firms.
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