M&G | Latest News & Updates - Nov 28, 2024 Release
M&G has scheduled its Full Year Financial Results for 2024 to be announced on 19 March 2025...
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M&G
🌎 mandg.comM&G is a global asset manager and an international leader in savings and investments, managing over £313 billion on behalf of more than five million customers. With a history spanning over 90 years, M&G offers a wide range of investment solutions across various asset classes, including equities, fixed income, real estate, and private equity. The company is part of M&G plc and is dedicated to providing clients with the confidence to invest their money effectively.
M&G - Latest News and Updates
- M&G has scheduled its Full Year Financial Results for 2024 to be announced on 19 March 2025.
- On November 27, 2024, M&G Credit Income Investment Trust plc issued 200,000 ordinary shares at 95.75 pence each.
- M&G launched a £500m risk-sharing buy-in service for pension schemes, insuring 3,200 members and allowing corporate sponsors to share financial risks and rewards, with Kerrigan Procter joining as managing director in January to drive growth.
- M&G signed a strategic partnership with Italy's BCC Risparmio&Previdenza to expand distribution of its investment products, including private credit, to over five million customers.
- M&G launched the Value Share Bulk Purchase Annuity with a £500m transaction, insuring around 3,200 pensioners and deferred members, offering a new alternative to traditional buy-ins.
- M&G reported a significant decrease in operating capital generation to £10 million and adjusted operating profit before tax to £8 million for HY 2024, with a shareholder Solvency II coverage ratio dropping to 4%.
- M&G INVESTMENT MANAGEMENT participated in a company research visit to Jiang Bolong on November 20, 2024.
- Eric Lonergan, former M&G macro manager, is launching a hedge fund in London.
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