Ascentric joins M&G plc

On May 27 I was delighted to announce that after significant interest in Ascentric, we’d reached agreement with M&G plc to buy our business. Today I’m just as delighted to announce that, following approval from the FCA in August, Ascentric is now part of M&G plc.*

This is the culmination of months of hard work from colleagues across Ascentric, Royal London and M&G plc.

This is a hugely positive and exciting step forward into the future for all of us. M&G plc has bought Ascentric because of its belief in the business and commitment to the platform market. It’s a financially strong organisation and we share a culture that’s firmly grounded in meeting adviser and client needs. You can find out more about their vision and values here.

Our new owners have ambitious plans to invest in the Ascentric proposition, with a significant focus on improving the adviser and client experience. And, it’s not just the technology, it’s the investment and product solutions, tools, as well as the service and support. We’ll leverage the existing capabilities and synergies across both organisations.

This investment won’t just support our business growth, it’ll provide huge opportunities for our adviser and DFM partners - those who rely on the platform to support their business. And their clients, who entrust us with their long term savings and investments.

Today, there’s no change to the way we do business with advisers, DFMs or their clients. Contacts remain the same and there’s no immediate change to the Ascentric or M&G propositions. You’ll begin to see changes to the website and literature as we remove references to Royal London.

We’re at the start of the next exciting phase as we develop our plans for the future. We’ll continue to work in a collaborative, consultative way with our adviser and DFM partners to shape these plans. I commit to sharing them as soon as we’re able, in the coming weeks and months.

Your clients can find more information about our new ownership and M&G plc on our updated Private Investor page.

Rob Regan

* We’re proud to be part of M&G plc. With roots stretching back more than 170 years, it 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 in 28 markets around the world. M&G plc has £339 billion of assets under management and administration (as at 30 June 2020), and we serve around 5.5 million retail customers and more than 800 institutional clients.

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