Document:

QuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 4.5    
    

CONFIDENTIAL  

Sir
David Clementi

Chairman

Prudential plc 

11
April 2006 

Dear
David 

DIRECTORS' AND OFFICERS' PROTECTION—CHANGES TO YOUR BENEFITS  

 As a result of changes in the law relating to indemnities given to directors and officers, we have revised the form of indemnity to take advantage of the
additional protections now available. This new indemnity is set out in the Schedule to this letter, and is in addition to the indemnity that you already hold. 

In
summary, you now have the following benefits, to the extent maintained by Prudential plc (Prudential) or its subsidiaries (within the meaning of the
Companies Act 1985) (the Group) from time to time: 

	(a)
	Directors'
and officers' liability insurance cover, subject to its terms and conditions;

	(b)
	An
indemnity from Prudential, which you already hold; and

	(c)
	A
new indemnity from Prudential, as set out in the Schedule to this letter. 

Any
amount payable to you under (a), (b) or (c) above shall not be offset against any amount payable by you which is contemplated under your employment contract or letter of appointment. 

The
indemnity in the Schedule will take effect as from 6 April 2005 and will supersede the indemnity you already hold only for the period from 6 April 2005 onwards. If you are an
employee within the Group, it will be deemed to be incorporated in, and constitute an agreed amendment of, the terms and conditions of your employment. 

You
will continue to be eligible under the discretionary payments policy adopted by Prudential (subject to regular review) as set out in the separate letter to you dated 10 June 2004 (or later
if you joined the Prudential after that date). The directors of Prudential and certain employees of the Group may rely on the existence of this policy to protect them from personal liability arising
out of the bona fide performance of their duties. 

Please
countersign and date the enclosed duplicate of this letter and return it to me under cover marked private and confidential. 

Yours
sincerely 

/s/
Peter Maynard 

.........................................................

Peter Maynard

Company Secretary 

Acknowledged
and Agreed: 

/s/
David Clementi 

......................................................... 

Date
18.4.06 

Schedule

Indemnity  

1.     Indemnity  

Subject
to the following paragraphs of this Schedule, Prudential undertakes to indemnify each Beneficiary and hold each Beneficiary harmless against any and all losses, damages, costs, liabilities,
demands, charges, penalties, fines or expenses (including without limitation any and all losses, costs, liabilities, charges or expenses properly and reasonably suffered or incurred (including
advisory fees) in investigating, responding to, preparing for or disputing any claim, action, demand, proceedings, investigation, judgment or award, in each case whether or not successful, compromised
or settled, which may be instituted, made, threatened or alleged against or otherwise involve any of the Beneficiaries in any jurisdiction (each a
"Claim")) which the Beneficiaries may suffer or incur in any jurisdiction ("Losses") and which in any
such case arise out of the carrying out or performance, whether before or after the date of the letter to which this indemnity is scheduled, by the Executive of the Executive's duties as a director,
officer, employee, trustee, representative or like position of any member of the Group or as a director, officer, employee, trustee, governor, councillor, representative or like position in any
external organisation where such position is held at the request of any member of the Group or as a result of being a director, officer, employee, trustee or representative, or holding like position
in respect, of any member of the Group. 

2.     Indemnity to take effect subject to law and regulation  

The
indemnity contained in paragraph 1 shall not apply to the extent that it would be void by virtue of, or contravenes, the Companies Act 1985 or any other applicable law or regulation
(including without limitation listing rules). 

3.     Proceedings for which indemnity cannot be claimed  

Subject
to paragraph 5, the indemnity contained in paragraph 1 shall not extend to any liability incurred by the Executive, (i) to any member of the Group, (ii) to pay a
fine imposed in criminal proceedings, (iii) to pay a sum payable to a regulatory authority by way of a penalty in respect of non-compliance with any requirement of a regulatory
nature (however arising), (iv) in defending any criminal proceedings in which the Executive is convicted, (v) as a result of, or in connection with any act or omission by the Executive
which is determined by any relevant court, tribunal or other legal or regulatory authority, or otherwise judicially determined, to constitute fraud, dishonesty, bad faith, wilful default or criminal
act on the part of the Executive, (vi) in defending civil proceedings brought by any member of the Group in which judgment is given against the Executive or (vii) in connection with any
application under section 114(3) or (4) or 727 of the Companies Act 1985 in which the Court refuses to grant relief to the Executive. 

4.     Loss of earnings and of other employment benefits  

The
indemnity contained in paragraph 1 shall not apply in respect of any loss of earnings or of any other employment benefit, including but not limited to rights to bonus or other monetary
incentives, share options or other share-based incentives or pension or other retirement benefits, which any Beneficiary may suffer as a result of any period of disqualification imposed by any
relevant court, tribunal or other legal or regulatory authority. 

 

5.     Advances in respect of proceedings  

Where
any Beneficiary properly and reasonably suffers or incurs losses, costs, liabilities, charges or expenses (including without limitation advisory fees) in investigating, responding to, preparing
for or disputing any Claim, the Executive shall be entitled to claim indemnity under paragraph 1 (for himself and/or on behalf of any Beneficiary) forthwith after the same becomes due and
payable by the Beneficiary, provided that if such Claim: 

	(a)
	relates
to a criminal offence in relation to which the Executive is convicted;

	(b)
	relates
to civil proceedings brought by any member of the Group in which judgment is given against the Executive;

	(c)
	relate
to any matters in respect of which any relevant court, tribunal or other legal or regulatory authority determines that any act or omission by the Executive constitutes fraud,
dishonesty, bad faith or wilful default on the part of the Executive; or

	(d)
	relates
to any application under sections 144(3) or (4) or 727 of the Companies Act 1985 in which the Court refuses to grant the Executive relief, 

Prudential
shall be entitled to refuse to provide indemnification (or, as the case may be, any further indemnification) pursuant to the indemnity contained in paragraph 1 and where Prudential
has already paid amounts to the Executive pursuant to the indemnity contained in paragraph 1, such amounts shall be reimbursed to Prudential by the Executive not later than (i) in the
event of the Executive being convicted, the date on which such conviction has become final, (ii) in the event of judgment being given against the Executive, the date on which such judgment has
become final or (iii) in the event of the court refusing to grant the Executive relief on the application, the date on which such refusal for relief has become final. 

6.     Termination and survival  

The
provisions of this Schedule shall survive: 

	(a)
	the
Executive moving to another role within the Group which does not have the benefit of an indemnity equivalent to the indemnity contained in paragraph 1; and

	(b)
	the
termination of an appointment of the Executive which is held at the request of any member of the Group, excluding:

	(i)
	termination
by the Executive otherwise than in accordance with its terms (unless the circumstances are such as to entitle the Executive to treat himself as constructively dismissed);
or

	(ii)
	termination
by any member of the Group in accordance with any right to dismiss the Executive summarily for cause. 

7.     Notification of Prudential  

The
Executive shall notify Prudential in writing promptly upon becoming aware of any matter for which indemnity may be sought under paragraph 1, providing to Prudential all such information as
the Executive has of the circumstances of the relevant matter, and shall thereafter notify Prudential of all developments in relation to such matter. The Executive acknowledges that Prudential may
provide such information to its insurers and advisers and to any other member of the Group and agrees to respond promptly to all reasonable requests from Prudential in relation to any matter relating
to the indemnity contained in paragraph 1. 

2

 

8.     Conduct of Claims  

	(a)
	The
Executive shall, subject to paragraph 8(b), have conduct of the defence and settlement of any Claim, but Prudential shall have the right (but not the obligation) to
associate itself with such Claim. Prudential shall not be required or, without the consent of the Executive (such consent not to be unreasonably withheld or delayed), permitted to assume the conduct
of the Claim made against the Executive.

	(b)
	The
Executive shall conduct all Claims diligently and competently using the legal and other representatives mutually acceptable to the Executive and Prudential. The Executive shall
keep Prudential informed of the progress of any Claim and recognises the right of Prudential to provide at its discretion input into the conduct of any Claim. The Executive shall not settle or
compromise any Claim without Prudential's consent (such consent not to be unreasonably withheld or delayed). 

9.     Recovery against other persons  

If
Prudential pays any amount in respect of any Loss and any Beneficiary is, or subsequently becomes, entitled to recover from any other person any amount in respect of such Loss (including without
limitation by way of tax credit, allowance, repayment or relief), then, subject to there being no reasonable prospect of any Beneficiary being prejudiced and to Prudential agreeing to indemnify the
Beneficiaries against all reasonable costs and expenses which might be incurred, Prudential may either: 

	(a)
	request
that the Executive take (or procure that any Dependant take) all reasonable steps to enforce such recovery. If Prudential so elects then the Executive must so act and must
procure that all and any amounts recovered, less all reasonable costs, charges and expenses incurred and not recovered by any Beneficiary in making such recovery, will be applied in promptly repaying
to Prudential the amount paid by Prudential in respect of the Loss; or

	(b)
	exercise
its right to be subrogated to the extent of such payment to any or all the Beneficiaries' rights of recovery against third parties in respect of the payment. If Prudential so
elects then the Executive shall (or shall procure that the Dependants shall), promptly on request from Prudential, execute all papers reasonably required and shall do everything necessary to enable
Prudential to bring, maintain and conclude an action effectively, either in the name of all or any Beneficiaries or in its own name, at Prudential's discretion. 

10.   Recovery under other indemnities and insurance  

	(a)
	Subject
to paragraph 10(c), the Executive agrees to take, and to procure that the Dependants take, all reasonable steps to claim and recover under any other indemnity or
insurance policy before he makes a claim under the indemnity contained in paragraph 1. The indemnity contained in paragraph 1 operates only in excess of any right to indemnity or
insurance which any Beneficiary may have (irrespective of any wording to the contrary in any indemnity or insurance policy concerned), and no person other than the Executive shall have the right to
pursue any claim against Prudential under the indemnity contained in paragraph 1 (or to seek contribution from Prudential) whether in its own name or that of any Beneficiary. 

3

 

	(b)
	Provided
that the Executive complies with paragraph 10(a), Prudential will advance to the Executive the funds necessary to make a payment in respect of a Loss pending receipt
by the Beneficiaries of the amounts due under any other indemnity and/or insurance policy in excess of which the indemnity contained in paragraph 1 operates. Any such advance will not operate
to extinguish, erode or otherwise limit in any way whatsoever the Beneficiaries' entitlement under the other indemnity and/or insurance policy and the Executive shall remit (or shall procure that
there shall be remitted) to Prudential all and any payments and/or benefits received pursuant thereto subsequent to the date of the advance required to repay the advance.

	(c)
	The
obligation to take all reasonable steps to claim and recover under any other indemnity or insurance policy set out in paragraph 10(a) shall not operate in respect of any
policy of executives' and officers' liability insurance for which any member of the Group is the named policyholder and which requires that any Beneficiary be indemnified by a member of the Group
prior to any claim being brought under that policy. 

11.   Deductions required to be made by Prudential or a Beneficiary  

	(a)
	All
amounts payable by Prudential to, or on behalf of, any Beneficiary under this indemnity will be paid without any deductions unless they are required by law. If any deductions are
required by law, Prudential will pay to, or on behalf of, the Beneficiary an amount which will, after any deduction has been made, result in the Beneficiary receiving the same amount as the
Beneficiary would have been entitled to receive in the absence of any requirement to make a deduction.

	(b)
	If
any amount payable by Prudential under this indemnity is subject to tax in the hands of the Beneficiary in any jurisdiction, the amount payable will be increased so that the net
amount received by the Executive after taking that tax into account is equal to the full amount which would have been received by the Beneficiary if that tax had not been payable.

	(c)
	To
the extent that any Beneficiary obtains any tax credit, allowance, repayment or relief as a result of Prudential paying any increased amount under this paragraph 12, the
Executive shall repay, or procure that the Dependant repays, to Prudential the amount necessary to reflect the principle that, after tax, the Beneficiary is to be put in the same position as if the
deduction or charge to tax had not been required or incurred in the first place. 

12.   No double recovery  

Notwithstanding
the provisions of this Schedule, the Executive shall have the benefit of any indemnity, insurance, agreement, undertaking or commitment entered into with, or on his behalf by, any
member of the Group whether before or after the date of the letter to which this indemnity is scheduled, provided that he shall not be entitled to recover more than once under this indemnity and any
other indemnity, insurance, agreement, undertaking or commitment in respect of any Loss. 

13.   Interpretation  

In
this Schedule: 

	(a)
	"Beneficiaries" mean the Executive and the Dependants;

	(b)
	"Claim" has the meaning ascribed to them in paragraph 1;

	(c)
	"Companies Act 1985" means the Companies Act 1985 as amended, modified, re-enacted or replaced from time to time; 

4

 

	(d)
	"Dependant" means:

	(i)
	the
Executive's spouse or civil partner;

	(ii)
	any
other person (whether of a different sex or the same sex) with whom the Executive lives as partner in an enduring family relationship other than the Executive's grandparent or
grandchild, sister, brother, aunt or uncle, or nephew or niece;

	(iii)
	the
Executive's children or step-children;

	(iv)
	any
children or step-children of a person within paragraph 13(d)(ii) (and who are not children or step-children of the Executive) who live with
the Executive and have not attained the age of 18; and

	(v)
	the
Executive's parents;

	(e)
	"director" shall include without limitation shadow director;

	(f)
	"Executive" means you;

	(g)
	"Group" means Prudential or any subsidiary or holding company of Prudential or any subsidiary of a holding company of Prudential;

	(h)
	"Losses" have the meaning ascribed to them in paragraph 1;

	(i)
	"Prudential" means Prudential plc;

	(j)
	"holding company" and "subsidiary" shall have the meanings ascribed to them in the
Companies Act 1985;

	(k)
	references
to a "conviction", "judgment" or  "determination" is a reference to one that has become final. For these
purposes, a conviction, judgment or determination becomes final:

	(i)
	if
not appealed against, at the end of the period for bringing an appeal; or

	(ii)
	if
appealed against, at the time when the appeal (or further appeal) is disposed of. 

An
appeal is disposed of: 

	(iii)
	if
it is determined and the period for bringing any further appeal has ended; and

	(iv)
	if
it is abandoned or otherwise ceases to have effect; and

	(l)
	any
reference to the masculine shall as appropriate be a reference to the feminine. 

14.   Claims and enforcement  

	(a)
	Only
Prudential shall be entitled to take steps in relation to the provisions of this Schedule. In taking any such step, Prudential may act for itself and/or on behalf of any of all
other members of the Group.

	(b)
	Only
the Executive and his personal representatives and estate shall be entitled to make a claim, and take any other steps, in relation to the provisions of this Schedule. In taking
any such step, the Executive may act for himself and/or on behalf of any or all of the Dependants.

	(c)
	Subject
to paragraphs 14(a) and (b), any person other than Prudential and the Executive may not enforce any of the provisions of this Schedule under the Contracts (Rights of Third
Parties) Act 1999. 

5

 

15.   Miscellaneous  

	(a)
	The
Executive may not assign or otherwise transfer any rights or obligations set out in this Schedule.

	(b)
	Any
failure by Prudential or the Executive to exercise any right, power or privilege available under this Schedule is not a waiver for the purposes of this Schedule nor will any
single or partial exercise thereof preclude any further exercise of any right, power or privilege.

	(c)
	The
provisions of this Schedule may only be amended in writing signed by or on behalf of Prudential and the Executive.

	(d)
	If
any provision of this Schedule is held to be illegal, invalid or unenforceable in whole or in part, the remaining provisions shall continue to be valid.

	(e)
	Prudential
and the Executive acknowledge that any contract, agreement, commitment or undertaking in respect of the Executive's role as a director, officer, employee, trustee or
representative of Prudential incorporates, and accordingly is made on and subject to, the provisions of the Memorandum and Articles of Association of Prudential. 

16.   Governing law  

The
provisions set out in this Schedule are governed by and must be interpreted in accordance with English law. 

17.   Arbitration  

	(a)
	Any
dispute, controversy or claim arising out of or in connection with this Schedule shall be referred to and finally resolved by arbitration under the Rules or Arbitration of the
International Chamber of Commerce ("ICC Rules") by three arbitrators appointed in accordance with the ICC Rules.

	(b)
	The
seat of the arbitration shall be London and the language of the arbitration (in which each member of the tribunal shall be fluent) shall be English. 

6

QuickLinks

Exhibit 4.5QuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 4.6    
    

Lord
Turnbull

82 Idmiston Road

London

SE27 9HQ 

29
March 2006 

Dear
Andrew 

PRUDENTIAL PLC—LETTER OF APPOINTMENT  

 The Board of Prudential plc (the "Company") has agreed to appoint you as non-executive Director with effect from the close of the Annual General
Meeting on 18 May 2006. It is also intended that you should join the Audit Committee of the Board from 1 January 2007. I am now writing to set out the terms of your appointment. It is
agreed that this is a contract for services subject to the Company's Articles of Association as amended from time to time and does not constitute a contract of employment. 

Appointment  

 Your appointment is subject to election by shareholders at the AGM in 2006. Continuation of your appointment will be contingent on satisfactory performance and
re-election at forthcoming AGMs. Non-executive Directors are typically expected to serve two three-year terms from the date of election by shareholders,
although the Board may invite you to serve for an additional period. 

The
appointment may be terminated by and at the discretion of either party upon six months' written notice. Upon termination you will not be entitled to any compensation, other than accrued
pro-rata fees, and you shall also cease to be a member of any committee or sub-committee of the Board. All records, documents, accounts, letters and papers of every description
(including in particular Board and Committee agendas, minutes and papers) within your possession or control relating to the affairs and business of the Group are and will remain the property of the
Company, and shall be returned to the Company forthwith on termination. 

Time Commitment  

 We would anticipate a time commitment as a Board member of approximately 12-14 days per year depending on the amount of time needed for
preparation and on whether there are any significant issues which require extra time or meetings. We currently schedule a total of 9 Board meetings per year one of which is followed by the AGM.
The Board usually holds some of these meetings at one of the Business Units and this coincides with a detailed presentation on that Business unit by its senior management and in addition for a
strategy day. Remuneration Committee meetings are held at least 3 times a year and usually take place on the same day as Board meetings. We currently schedule 6 Audit Committee meetings a year
and it would be reasonable to assume that membership of the Audit Committee requires at least another 6 days, again depending on the amount of time needed for preparation. In addition,
non-executive Directors usually meet around 3 times a year without the executive Directors and once a year without the Chairman present. 

Whilst
we acknowledge that you have other commitments which may mean you will not be able to attend all meetings of the Board and relevant committees, you confirm by accepting this appointment that
you believe that you are able to allocate sufficient time to the Company's affairs to meet the demands of the role. You should discuss any additional commitments that might impact on the time you are
able to devote to your role as a non-executive Director of the Company with me prior to accepting. 

Role  

 Non-executive Directors have the same general legal responsibilities to the Company as any other Director. The Board as a whole is collectively
responsible for the success of the Company. The Board: 

	•
	Provides
entrepreneurial leadership of the Company within a framework of prudent and effective controls which enable risk to be assessed and managed;

	•
	Sets
the Company's strategic aims, ensures that the necessary financial and human resources are in place for the Company to meet its objectives, and reviews management
performance; and

	•
	Sets
the Company's values and standards and ensures that its obligations to its shareholders and others are understood and met. 

Directors
of any company must take decisions objectively in the interests of that company. A summary of responsibilities of Directors is enclosed. 

In
addition to these general requirements of all Directors, the role of the non-executive Director has the following key elements: 

	•
	Strategy.    Non-executive Directors should constructively challenge and help develop proposals on
strategy.

	•
	Performance.    Non-executive Directors should scrutinise the performance of management in meeting
agreed goals and objectives and monitor the reporting of performance. This is achieved both at the Board and on a more individual level through the Remuneration Committee.

	•
	Risk.    Non-executive Directors should satisfy themselves of the integrity of financial information
and that financial controls and systems of risk management are robust and defensible. This is achieved by escalating key issues to the Board either directly or via the Audit Committee. The Audit
Committee itself reviews the activities of the Group Risk Committee and the Disclosure Committee.

	•
	People.    Non-executive Directors have a prime role in appointing, and where necessary removing,
executive Directors and in succession planning. In addition, they are responsible for determining appropriate levels of remuneration for executive Directors. This business is mainly conducted via the
Remuneration Committee. 

Fees, committee membership and expenses  

 Non-executive members of the Board are required to serve on Committees of the Board. The three main Committees are Audit, Remuneration and Nomination.
I will discuss your Committee memberships with you from time to time. 

Non-executive
Directors' fees are subject to annual review by the Board and are currently £50,000 per annum for Board membership, accruing on a daily basis and payable
quarterly in arrears. Fees for Audit Committee membership are currently an additional £15,000 per annum. Fees are payable net of tax and National Insurance contributions which Prudential
is required to deduct, and are reviewed by the Board from time to time. 

The
net proceeds after tax and National Insurance deductions (if any) of £25,000 per annum of your gross fees will be deducted at source, in equal quarterly instalments, and applied in the
purchase of ordinary shares in Prudential plc on your behalf. This transaction will take place on the last working day each Quarter. 

As
a non-executive Director you are not entitled to participate in any of the Group's executive remuneration programmes or pension arrangements. 

Directors
are entitled to claim for all travelling, hotel and other expenses properly incurred by them in connection with their attendance at meetings of the Board or Committees of the Board, general
meetings or separate meetings of the holders of any class of shares or of debentures of the Company or otherwise in connection with the discharge of their duties. We would normally expect to meet
non-executive Directors' expenses for long-distance travel and hotels where an overnight stay is necessary. Expenses incurred should be submitted to my office for approval. 

Shareholding and dealing  

 I draw your attention to Article 111 onwards of the enclosed Articles of Association of the Company which deal with a number of matters relating to
Directors. Article 120 requires you to be a beneficial owner of 2,500 Prudential shares and to retain them during the tenure of your office. The Articles require that these shares be acquired
within two months of your appointment if you do not already have an interest in the required number of shares. 

Similarly,
the shares purchased on your behalf each Quarter must also be held whilst you are in office. 

Further
information relating to Directors' interests in the Group's securities are contained in the supplemental letter, which deals with some of the practical aspects of your appointment. During your
term in office you will be subject to Prudential's Share Dealing Rules, full particulars of which can be found on our Directors' website. These are updated as required to reflect changes in
legislation and regulations, and will provide you with the necessary guidance on the steps you need to take and other considerations relating to share dealings. 

If
you have any questions on this please consult with Group Secretarial. The relevant announcement for the acquisition of shares on your behalf at the end of each Quarter will be made automatically.
Details of any other dealings need to be notified to Group Secretarial on the day of dealing so that the announcement can be made within the required time limit. 

Conflicts of interests and disclosure obligations  

 It is accepted and acknowledged that you have business interests other than those of the Company and we have discussed these and agreed that no conflicts of
interest currently exist. In the event that you become aware of any future potential conflicts of interest, these should be disclosed to me and the Company Secretary as soon as apparent, prior to
accepting appointments. In particular we would not wish our Directors to serve on the Boards of financial services competitors. 

The
Company has an obligation to record on its register of directors' details of other directorships which are or were held during the past five years by its directors. This information, together with
non-statutory offices, is also required to be disclosed to insurance regulators in the US on an annual basis. Any changes in your external appointments, including non-statutory
offices, should be notified to the Company Secretary or Deputy Group Secretary on an ongoing basis, in particular any changes in your directorships of other quoted companies worldwide need to be
notified promptly, as the Company is required to announce this to the London Stock Exchange. 

Confidentiality  

 All information acquired during your appointment is confidential to the Company and should not be released, either during your appointment or following
termination (by whatever means), to third parties without prior clearance from me. You accept that damages would not be a sufficient remedy for unauthorised disclosure of information. 

Your
attention is also drawn to the requirements under both legislation and regulation as to the disclosure of price sensitive information. Consequently you should avoid making any statements that
might risk a breach of these requirements without prior clearance from me or the Company Secretary. 

Induction  

 Following your appointment, the Company will provide an induction programme, details of which are enclosed. This will include meetings with senior management and
the Company's auditor. 

Board evaluation  

 The performance of individual Directors and the whole Board and its Committees is evaluated annually. If, in the interim, there are any matters which cause you
concern about your role you should discuss them with me as soon as is appropriate. 

Professional development  

 As a Director you will be invited to appropriate educational and/or professional development programmes, determined as part of the annual Board evaluation
programme or by the Board generally. 

Directors' and officers' protection  

 The Company has directors' and officers' liability insurance and it is intended to maintain such cover for the full term of your appointment. A brief summary of
the cover can be found in Prudential's Guidance Notes for Directors, which is updated and issued to all Directors on a regular basis. 

The
Company has also resolved to provide you with indemnity cover for directors' and officers' liability within the limitations imposed by law. In addition, the Company will provide you with a limited
indemnity for certain personal liabilities you may suffer in the course of your appointment, subject again to applicable statutory and other limitations, pursuant to the Company's constitutional
documents or otherwise. 

The
Board has also resolved to have a discretionary payments policy (subject to regular review), the existence of which Directors (executive and non-executive) and certain employees or
members of the Prudential Group may rely on, to protect them from personal liability arising out of the bona fide performance of their duties on behalf of the Group. 

Independent professional advice  

 Occasions may arise when you consider that you need professional advice in the furtherance of your duties as a Director. Circumstances may occur when it will be
appropriate for you to seek advice from independent advisors at the Company's expense. This would normally be arranged through the Company Secretary. The Company will reimburse the full cost of
expenditure incurred in accordance with the policy. Details of the agreed procedure under which Directors may obtain such independent advice can be found in the Prudential Guidance Notes for
Directors. 

Yours
sincerely 

/s/David
Clementi 

Sir
David Clementi

Chairman

Prudential plc 

Acknowledgement:  

	1.
	I
acknowledge that this appointment letter does not constitute a contract of employment.

	2.
	I
irrevocably instruct Prudential plc to deduct all relevant amounts from each quarterly fee payment due to me and to apply the appropriate amount in the purchase of shares on my
behalf as set out above.

	3.
	I
confirm that by having accepted this appointment, I am able to allocate sufficient time to meet the demands of the role. 

	 
	 

	Signed:	/s/Andrew Turnbull

	 	4.4.06

QuickLinks

Exhibit 4.6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}]]