M&G plc

We are thrilled to announce our commitment of £50m to the Invest in Women Taskforce funding pot. This is dedicated to empowering female investors across the UK to, in turn, support female founders. M&G has allocated this £50m from Catalyst - our purpose-led flexible private assets strategy - which invests in innovative solutions to some of the world’s biggest environmental and social challenges. By contributing to the Taskforce's funding pot, we are joining forces with other industry leaders to address the funding gap faced by women-led businesses and to foster a more inclusive and equitable investment ecosystem. This allocation by M&G reaffirms our commitment to playing our part in closing the gender funding gap and driving an ambitious inclusive growth agenda for the UK.   We look forward to joining industry peers at Mansion House in London this evening for a reception to celebrate the launch of the Taskforce.   #InvestInWomen #FemaleEntrepreneurs 

We are pleased to announce the launch of our Value Share Bulk Purchase Annuity (“BPA”) proposition by completing a c.£500m transaction with a private Corporate Sponsor and its UK Pension Scheme, insuring c.3,200 pensioner and deferred members. The Value Share BPA, developed by M&G, offers an innovative alternative to a traditional buy-in. This structure allows Trustees to insure Scheme members in the same way as a regular buy-in transaction, continuing to place members’ security at the heart of the transaction. Uniquely, however, it also allows the Corporate Sponsor to share in the profit, and potential risks, generated from insuring their well-funded UK pension schemes. This enables the Trustees to achieve de-risking objectives and secure members’ benefits, whilst enabling the Corporate Sponsor to access the upside, and downside, that would be passed to an insurer in a traditional buy-in transaction.   M&G re-entered the bulk annuity market in September 2023 and has since written circa £1.4 billion of new business, including this transaction. To support Clive Bolton, CEO of M&G Life, and M&G’s wider growth strategy, Kerrigan Procter will join as Managing Director of our Corporate Risk Solutions team in January 2025.   For full details of this transaction please visit: https://lnkd.in/eFUVkyYa If you are a Trustee, Sponsor, adviser or interested party you can follow DB Solutions at M&G for more information.

Our Life business will be hosting an online seminar ‘PruFund - Past, Present & Future’ for UK financial professionals in celebration of the 20-year anniversary of PruFund on Monday 25 November. There will be experts from across M&G, including our Life CEO Clive Bolton, taking a deep-dive into PruFund’s evolution and its investment strategies – while highlighting the integral role in plays in M&G’s growth strategy. UK financial professionals can find out more and register at: https://lnkd.in/eBPXpH-v

As the construction of 40 Leadenhall nears completion and we welcome McGill and Partners as our first tenants, join Joseph Pinto, M&G’s CEO of Asset Management, and Ciaran Mulligan, Chief Investment Officer of M&G’s Life business, on site as they reflect on M&G’s pivotal role in shaping this state-of-the-art office space in the heart of London’s financial district. Joseph highlights the strengths of our business model and discusses how M&G Investments steered the project, while Ciaran discusses the role of M&G’s With Profits Fund, which invests and manages the long-term savings on behalf of 4.6 million UK policy holders, including 450,000 clients in PruFund.

We were pleased to see Zenobē feature on Channel 4 News last night as an example of a positive UK infrastructure investment project. Channel 4’s Economics Correspondent Helia Ebrahimi highlighted Zenobē’s innovative electric charging kits for buses – which are helping to accelerate the UK energy transition – as the type of the project which can bring both economic and environmental benefits across the UK. The wider feature focused on the Chancellor Rachel Reeves’ Mansion House speech in London, and how the UK can drive growth. Our Infracapital business has invested over £400 million on behalf of clients in Zenobē, a leader in the UK transport and energy sector, since 2020. You can watch the full feature on the Channel 4 News website (Zenobē features from 1:48): https://lnkd.in/eXwXKQwM

We’re pleased to see that it was a successful evening at the 2024 Customer Service Awards, hosted by our Life business. Congratulations to all of our winners.

We held Remembrance Day services today to remember those who gave their lives in the First and Second World Wars, and to pay our respects to the fallen and wounded in all conflicts. In London, our service was held at Holborn Bars, the historic headquarters of the Prudential Assurance Company, led by our chairman Edward Braham, who spoke at the start of the service and laid a memorial wreath. In Scotland, a service was held at our Memorial Garden, next to our Kildean office in Stirling. We acknowledge the significant contributions that serving personnel, veterans, and military families make to our business and to their country. During the First and Second World Wars, over 21,000 Prudential employees served in the Armed Forces, with nearly 1,400 losing their lives in active service.

M&G’s Head of Impact & Private Equity, Alex Seddon, has been announced as a member of the government-backed Investing in Women Taskforce. This taskforce will play a pivotal role in helping to drive inclusive growth by championing investment initiatives that can pave the way for a new generation of female entrepreneurs to scale and thrive in the UK. #InvestInWomen | #Inclusivegrowth

Exciting opportunities for Scotland-based aspiring interns Ahead of our 2025 internship programme we are hosting an event in our Kildean office in Stirling on 22 November 2024 for potential candidates to find out more about M&G and our Early Careers scheme. This event will provide an excellent opportunity to learn more about the industries we operate in, network with graduates, and find out more about the internship application process. To apply to attend our Stirling event please visit the Sanctuary Graduates website at: https://lnkd.in/ez_uKw8H Who are we looking for? ▪ We are looking for penultimate year students (graduating in 2026) who are enthusiastic, eager to learn, and have a genuine interest in starting their career in Financial Services ▪ We don’t require specific degrees or grades because we know each background and experience brings its own skills and individual perspective to M&G ▪ Applicants must have the right to work in the UK

In October, M&G’s diversity and inclusion network, Embrace, celebrated Black History Month with a series of events focused on this year’s theme, Reclaiming Narratives.   Our variety of activities aimed to be educational, empowering, and fun, and included panel discussions attended by our business leaders, the London School Samba hosting dance classes for colleagues, and a wine tasting of award-winning Black-owned and produced wines from Our Sommelier.   M&G also hosted this year’s STRETCH conference on behalf of Career Masterclass, and we were delighted that its CEO Amanda Pullinger was able to join us at our London headquarters and participate in a discussion with Mark McLane, M&G’s Head of Diversity, Inclusion and Wellbeing.   The conference was another highlight in a month of inspiring events and sparked positive engagement around career growth opportunities.   Watch the video below.   #BlackHistoryMonth | #Embrace | #STRETCH2024