Strengthening futures
We put long-term capital to work, helping people, places and industries thrive together through investments that make a meaningful difference.
Our integrated business model
Our business model is to gather assets and invest for the long-term to deliver attractive financial outcomes for our customers and clients, as well as superior returns for our shareholders. We leverage our capital strength and investment expertise, allowing us to develop innovative savings and investment propositions that meet customer and client needs through our Asset Management and Life businesses.
Strategic momentum and progress.
M&G’s strategy is built around three pillars that guide how the business grows and creates value. We are focused on building growth through diversified markets, simplifying and modernising operations, and delivering financial strength through disciplined capital management and sustainable returns.
Ensuring our clients can depend on us, while rewarding shareholders.
- Continue to shift towards a capital-light model.
- Progress on our target of cumulative Operating Capital Generation (OCG) of £2.7 billion (before new business strain) over 2025-2027.
- Maintain a progressive and sustainable dividend policy.
- Moved to a progressive dividend policy, and increased Dividend Per Share by 2% to 20.5p for 2025, continuing to deliver attractive returns for shareholders.
- Generated £928m of operating capital before new business strain in line with our overall target, demonstrating ongoing financial resilience.
- Stable Adjusted Operating Profit year on year but positive underlying momentum.
Becoming more nimble and efficient in how we work to best serve our customers.
- Continue to streamline our business model to enable us to work more effectively across the Group and deliver our growth priorities.
- Simplify and automate our processes, using technology and AI, to improve efficiency, service and customer experience.
- Reduce Asset Management Cost-to-Income Ratio to 70%.
- Completed our Group transformation programme, delivering cost savings of £250 million by the end of 2025 (against our target of £230m by the end of 2025).
- Our transformation programme over the last three years has enabled us to create capacity to invest in growth.
- Continued to enhance customer journeys, increasing overall satisfaction rates and improving response time.
Building on our strengths to better anticipate and address our clients’ needs.
- Broaden international presence and strengthen our distribution capabilities to enable more customers and advisers to access our solutions.
- Leverage the strength of our business model to develop innovative products and investment solutions to meet evolving customer needs.
- Grow Adjusted Operating Profit by average >5% annually over 2025-2027.
- Generated £7bn net flows in Asset Management, (56% into private markets), delivered £1.5bn in BPA new business volumes (65% increase on 2024) and had consistent net inflows in the second half of the year.
- Enhanced our international presence through strategic partnerships with Dai‑ichi Life Holdings and Guotai Haitong Securities in China, and acquisition of P Capital Partners.
- Continued to broaden our product offering and distribution with 16 new fund launches in Asset Management, integration of PruFund on FNZ technology and the launch of retail fixed term annuity.
Latest at M&G
Actively investing in global growth
From sustainable agriculture to next-generation digital infrastructure, M&G’s global investments span sectors, regions, and asset classes — creating long-term value and driving growth across the world’s economies.
We’re marking a major milestone at The Ribbon, our £250m Oxford Street redevelopment, where the UK’s first Harry Potter flagship store will open later in 2026, showcasing how long‑term investment can revitalise iconic destinations.
M&G's Catalyst backed Reactive Technologies’ GridMetrix®, measuring grid inertia in real time to boost resilient, renewable power grids.
We invested £150m in Zenobe via Infracapital to expand battery storage and EV fleets, accelerating the UK’s green energy transition.
M&G's €150m Catalyst commitment to Regenerate's European Sustainable Agriculture Fund supports regenerative farming – including Portuguese blueberries – improving soil health, biodiversity, and local economies across Europe.
We invested €239m in Spain’s Living sector, adding 1,000 homes in Madrid and Barcelona, easing housing pressure and meeting top ESG standards.
M&G Real Estate invested $700m in a Minato Mirai office with strong occupancy, global tenants and Japan’s rare 5-star CASBEE ESG rating.
FiberSense, backed by M&G's Catalyst strategy, uses AI and fibre-optic sensing to protect infrastructure in 12 countries – enabling predictive maintenance, cutting costs and environmental impact, and advancing resilient, sustainable global networks.
We invested US$50m in Tyme Group to expand digital banking in Vietnam and Indonesia, boosting financial inclusion for underserved communities.
M&G's €75m Catalyst investment supports Biobest's global leadership in biological crop protection and pollination, enabling its expansion into South America and accelerating sustainable agriculture – delivering positive impact and long-term value for investors.
Fruitist grows premium superfruits sustainably across seven countries, boosting food security, ecosystems and climate action through innovation.
Our investment in Sun King through our Catalyst strategy is powering 82m lives across Africa and Asia with off-grid solar – cutting 22m tonnes of CO2, saving $4.4bn and accelerating access to clean, affordable energy for underserved communities.
M&G's $300m investment in Seeker Music highlights how weightless assets drive value. Managing 17,000 copyrights and 38 Spotify Billion Club tracks, Seeker generates £17m+ annual revenue – delivering growth, diversification, and creative impact.
Reframing Retirement
We’re challenging outdated perceptions of retirement by changing the conversation. Affordability and lack of knowledge limit financial planning, but uninspiring portrayals of retirement create an additional barrier. We’re promoting a more positive, aspirational view that inspires earlier planning and financial confidence.
Making an impact at M&G
For generations, we’ve quietly shaped financial futures with care, integrity and ambition. Now we’re ready to make some noise and invite brilliant people to help us build what’s next.