M&G has posted a strong start to 2026, achieving £0.6 billion in net inflows from its open business, a significant improvement from the £0.1 billion outflow in the first quarter last year.
It has maintained resilient assets under management and administration (AUMA) at £371 billion. The asset management division saw net inflows of £0.7 billion, driven by wholesale performance, with AUMA reaching £344 billion, up 10% year-on-year.
The life division completed its first with-profits bulk purchase annuity deal valued at £0.3 billion, and despite modest outflows from legacy business and PruFund, the company is confident in continued growth due to a strong pipeline and upcoming product launches.
Andrea Rossi, group chief executive, said: “We have made a strong start to 2026.
“Thanks to a strong new business pipeline… we are confident in our ability to deliver continued growth this year.”
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