M&G’s purpose is to help people manage and grow their savings and investments. Delivering value is a key aspect of this.
This report – the first annual assessment of the value provided to investors in each of M&G’s UK-based funds – is designed to help you to see whether M&G’s charges are justified in the context of the overall service we deliver.
Our regulator, the Financial Conduct Authority (FCA) has published new rules and guidance to improve the quality of the information available to consumers about the funds they invest in.
As part of its duty to act in the best interests of investors, the Board of M&G Securities Limited (MGSL) will be publishing an annual assessment of the value provided to our investors. It is their responsibility, as the Authorised Corporate Director of M&G Investment Funds, to think and act on your behalf.
The Board of MGSL has objectively evaluated the value delivered to M&G’s investors, in the year ending 31 March 2020, according to seven criteria set out by the FCA.
The Board have awarded an overall value rating to each share class of every UK-based M&G fund. Their conclusions for each share class, and according to each of the seven value criteria, are presented on a five-point scale, ranging from “outstanding” to “unsatisfactory”.
Their best efforts to present this analysis in a fair and useful way have been reflected in this published report.
After an Overview from the Board of MGSL and information to help you interpret the report, each fund has its own section in the report. You can navigate to the fund – or funds – you are interested in by navigating directly from the Contents pages.
You can read more about the methodology of the Value Assessment, as well as some of the terminology used in the report, in the Appendix at the end.
To find out the name of the fund your clients are invested in, like the “M&G Optimal Income Fund”, and the share class they hold, for instance “Sterling Class A Shares”, you can check the following:
In line with FCA requirements, the Board of MGSL have considered each of the following criteria: