M&G

British fund management company

M&G plc is a global investment manager headquartered in the City of London. Since its de merger from Prudential plc, it has been listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

Municipal & General Securities Company Limited launched the First British Fixed Trust in 1931. It held the shares of 24
companies in a fixed portfolio that was not changed for the fixed lifespan of 20 years. The trust was relaunched as the M&G General Trust and later renamed as the Blue Chip Fund. M&G Investments introduced its savings or "thrift" plans in 1954. In March 1999 M&G Investments, which by then was the UK's largest unit trust group, was acquired by Prudential plc.

In May 2016, it announced it was to launch a direct online investment service for retail investors to invest directly in its range of funds. In July 2016, M&G Investments suspended redemptions on its £4.4 billion Property Portfolio fund following heavy withdrawals after the referendum on the UK's exit from the European Union. In August 2017, Prudential plc (the parent company of M&G Investments) announced it would merge M&G Investments with its Prudential UK and Europe businesses to form a new division. The division would be called M&GPrudential, which the firm described as a savings and investments business. Then in August 2019 it announced that it would de merge the investment business as "M&G plc". The de merger was completed in October 2019. In December 2019, M&G was forced to gate a £2.5 billion property fund after liquidity was challenged. The company said it was due to Brexit and Election uncertainty.

In 2020, it announced its intention to acquire Ascentric, a digital wealth management platform, from its competitor Royal London. In August 2021, M&G acquired Sandringham Financial Partners. Sandringham will be part of M&G Wealth. The acquisition will bring more than £2.5 billion of assets under advice to M&G plc.

The operates two fully owned subsidiaries: M&G Real Estate, providing global real estate investment services, and Infracapital, a specialised infrastructure investment firm.

M&G was the official sponsor of the RHS Chelsea Flower Show until 2022.

The group chief executive John Foley joined former M&G parent Prudential in 2000 as deputy group treasurer, subsequently leading the combination of M&G Investments with Prudential’s UK insurance business. In 2017, he executed the merger of the company with M&G Investments and Prudential UK and managed the enlarged M&G through the demerger from Prudential plc in 2019, after the decision was made to shift the focus on Asia and Africa. In April 2022, M&G announced Foley's retirement after 22 years to leave once his successor has been found. Upon appointment, Rossi said that he would not pursue a break up of the business.