SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 6-K

                        REPORT OF FOREIGN PRIVATE ISSUER

                      Pursuant to Rule 13a-16 or 15d-16 of
                      the Securities Exchange Act of 1934

                          For the month of October, 2004

                       PRUDENTIAL PUBLIC LIMITED COMPANY

                (Translation of registrant's name into English)

                            LAURENCE POUNTNEY HILL,
                           LONDON, EC4R 0HH, ENGLAND
                    (Address of principal executive offices)


Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.

                          Form 20-F X     Form 40-F


Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

                                 Yes      No X

If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82-



Enclosures: JNL completes sale of JFB


Embargo: 14:00 hrs Thursday 28 October 2004

Jackson National Life Completes Sale of Jackson Federal Bank

Jackson  National Life Insurance  Company ("JNL")  confirms that the disposal of
its subsidiary, Jackson Federal Bank, to Union Bank of California, N.A. ("UBOC")
announced on 2 July 2004  completed  today.  JNL has also  completed the sale of
shares  in  UnionBanCal  Corporation*,  the  parent  company  of UBOC,  which it
received as part of the consideration.

                                     -ENDS-

Enquiries to:

Media                                         Investors/ Analysts
Prudential plc
Clare Staley              020 7548 3719       Marina Lee-Steere   020 7548 3511/
                                                                  07967 497474
Joanne Davidson           020 7548 3708       Andrew Crossley     020 7548 3166
Jackson National Life
Tim Padot                 +1 517 702 2425

Jackson National Life Insurance Company is a wholly-owned indirect subsidiary of
Prudential plc, a company  incorporated and with its principal place of business
in the United Kingdom.  Prudential plc and its affiliated  companies  constitute
one of the world's leading financial  services groups. It provides insurance and
financial   services  directly  and  through  its  subsidiaries  and  affiliates
throughout the world. It has been in existence for over 150 years and has GBP170
billion in assets under  management,  as at 30 June 2004.  Prudential plc is not
affiliated  in any  manner  with  Prudential  Financial,  Inc,  a company  whose
principal place of business is in the United States of America.

*This press release shall not constitute an offer to sell or the solicitation of
an offer to buy nor  shall  there be any  sale of these  shares  in  UnionBanCal
Corporation in any jurisdiction in which such offer,  solicitation or sale would
be unlawful prior to registration or qualification  under the securities laws of
any such jurisdiction. A registration statement relating to these securities has
been filed with and has been declared  effective by the  Securities and Exchange
Commission.

                                   SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

Date  28 October, 2004

                                     PRUDENTIAL PUBLIC LIMITED COMPANY

                                     By: /s/   Clare Staley,

                                               Clare Staley,
                                               Head of Group Media Relations