Who is M&G plc?
M&G plc is a leading international savings and investments business, managing investments for both individuals and for large institutional investors, such as pension funds.
Its financial strength was rated A by Standard and Poor’s (outlook ‘stable’) as at August 2022, A2 by Moody’s (outlook ‘negative’) as at October 2022 and A+ (outlook ‘stable’) by Fitch, as at July 2022.
With roots stretching back more than 170 years, M&G plc has a long history of finding innovative solutions for its customers’ changing needs. Today, it brings together a diverse set of asset management capabilities and insurance expertise to offer a wide range of solutions for different types of customer in 28 markets around the world. M&G plc has £342 billion of assets under administration (as at December 2022) and serves over 5 million retail customers and more than 800 institutional clients.
M&G plc reported a shareholder Solvency II coverage ratio of 199% as at end of December 2022.
What is our connection to M&G plc?
The M&G Wealth Platform is a wholly owned subsidiary of M&G plc.
The M&G Wealth Platform was previously known as Ascentric and used to be part of the Royal London Group until it was acquired by M&G plc in 2020. It's a digital wrap and wealth management platform known for championing quality financial planning and advice. In 2022 M&G Wealth Platform maintained its financial strength rating of B+ (“Very Strong”) by AKG.
The acquisition is part of the strategy at M&G to grow their business in this important market. Expanding the range of service propositions for financial advisers and their clients.
Visit M&G plc to find out more.
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M&G plc full year 2022 results
The full year 2022 results for M&G plc are available
