M&G plc is a leading international savings and investments business, managing investments for both individuals and for large institutional investors, such as pension funds. Its financial strength was rated A+ by Standard and Poor’s (outlook ‘stable’), Aa3 by Moody’s (outlook ‘stable’) and AA- (outlook ‘stable’) by Fitch, as at 30 June 2021.
With roots stretching back more than 170 years, M&G plc 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 for different types of customer in 28 markets around the world. M&G plc has £370 billion of assets under management and administration (as at 30 June 2021) and serves around 5.3 million retail customers and more than 800 institutional clients.
M&G plc reported a shareholder Solvency II coverage ratio of 198% as at 30 June 2021.
The M&G Wealth Platform is a wholly owned subsidiary of M&G plc.
The M&G Wealth Platform was previously known as Ascentric and used to be part of the Royal London Group until it was acquired by M&G plc in 2020. It's a digital wrap and wealth management platform known for championing quality financial planning and advice. Ascentric’s financial strength was rated B+ (“Outlook Very Strong”) by AKG (September 2019).*
The acquisition is part of the strategy at M&G to grow their business in this important market. Expanding the range of service propositions for financial advisers and their clients.
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*The AKG rating was awarded on 7 October 2020 when the M&G Wealth Platform was called Ascentric
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