Pru pleas for wired working

The UK's biggest property fund manager wrote to investment agents this week urging them to introduce all deals online.

Prudential Property Investment Managers said the online investments trading platform for institutions and agents that was relaunched last year had made finding and following through investment deals more efficient.

The system has around 1,000 users, who pay between £2,000 and £20,000 pa, but only a minority use it routinely. Chris Perkins, Prudential fund management director said: "Over the past six months, 85% of introductions to us have been from Propex members, but only 25% were made through Propex."