M&G’s pensions and savings arm has suspended another of its UK property funds, following in the footsteps of its asset management arm, which earlier this week froze dealing on its £2.5bn property vehicle.

According to a statement from the pensions and savings arm, which is branded Prudential in the UK, the suspension impacts the Prudential M&G Property Portfolio — a fund which is fully invested in M&G’s Property Portfolio, which was suspended on December 4.