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22 July 2025

M&G’s new Fixed Term Annuity now open to UK retail market

2025

Prudential Guaranteed Income Plan Now Widely Available, Backed by £128 Billion With-Profits Fund

M&G, the leading savings and investment business, has opened its new fixed term annuity product to the UK retail market, following a soft launch earlier this year. The Prudential Guaranteed Income Plan, powered by the £128 billion Prudential With-Profits Fund, is now available to all UK advisers and offers a flexible retirement income solution for clients seeking certainty without a lifelong annuity commitment.

The Prudential Guaranteed Income Plan provides a guaranteed income for a fixed term of five to 15 years, with a minimum investment of £10,000. Customers can benefit from the security of a guaranteed income, a guaranteed lump sum or a combination of both tailored to their specific needs.

By re-entering the fixed term annuity market, M&G is expanding its retirement offering, enabling advisers to blend the new plan with PruFund, M&G’s flagship savings solution, or other assets to create tailored retirement strategies. M&G continues to broaden access to new and existing products as part of its growth strategy and, alongside the new fixed term annuity, is making PruFund available on more third-party platforms.

Anusha Mittal, Managing Director, Individual Life and Pensions at M&G said: “Retirement isn’t one size fits all and our new insurance product reflects that. Whether someone wants to reduce working hours, bridge the gap before their pension begins or just secure a predictable income while keeping their options open, it gives them a guaranteed income for a set period of time while remaining flexible for the future.

“Our Prudential Guaranteed Income Plan can also be blended with PruFund or other assets, giving advisers even more ways to tailor retirement solutions and deliver better outcomes for their customers.”

M&G piloted the Prudential Guaranteed Income Plan with a small group of adviser firms in the Spring. John Howse, Director at Sheila Tarr Independent Financial Services, said: “The new Prudential Guaranteed Income Plan is a great addition to our retirement planning strategy and one that I’ve already recommended to suitable clients. The process of obtaining a quote through to a final application has been very straightforward which is always welcome. We like the fact that it has the backing of the Prudential With-Profits fund, giving me the confidence needed when making important investment decisions.”

For more information visit Prudential Guaranteed Income Plan | PruAdviser

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M&G Investments

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M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.

M&G Investments

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M&G plcの直接子会社であるM&G Investments(M&Gインベストメント)のウェブサイトにアクセスするには、
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M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.

M&G plc は、イングランド及びウェールズで設立・登録。本社登録地は10 Fenchurch Avenue, London EC3M 5AG。登録番号11444019。M&G plcは持ち株会社で、その子会社の一部はPRA(健全性監督機構)及びFCA(金融行為規制機構) に認可され、それらの規制対象となっています。

M&G plc は、イングランドを登録地、及び主たる事業領域とする会社で、その関連会社は有数の貯蓄・投資機関として基盤を確立しています。M&G plcは、Prudential Assurance Company Limited(プルデンシャル・アシュアランス・カンパニー・リミテッド)の直接親会社です。なお、Prudential Assurance Company Limitedは、アメリカ合衆国を主たる事業領域とするPrudential Financial, Inc.(プルデンシャル・ファイナンシャルInc.)またはイングランド及びウェールズで設立された国際グループ企業であるPrudential plc(プルデンシャル・ピーエルシー)とは一切関係がありません。

Prudential Portfolio Managers (South Africa) (Pty) Limited

You are about to enter the website of MandG Investments Southern Africa (Pty) Ltd a direct subsidiary of M&G plc. Click here to proceed.

M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.