M&G plc Reviews | Glassdoor.co.uk

M&G plc Reviews

Updated 11 Feb 2020

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3.0
47%
Recommend to a Friend
34%
Approve of CEO
M&G plc CEO John Foley
John Foley
6 Ratings
Pros
  • "Great work-life balance for a city based company(in 61 reviews)

  • "Fantastic culture, the M&G family really care about everyone(in 13 reviews)

Cons
  • "M&G has changed a lot over the last 18 month- 2 years(in 12 reviews)

  • "Pay not competitive and slow decision making, bottle necks(in 5 reviews)

More Pros and Cons
  1. "Changing for the better - exciting times"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Manager in Edinburgh, Scotland
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at M&G plc part-time for more than a year

    Pros

    Friendly and professional people Strong customer focus Good values Changing for the better - it’s an old company but recreating itself in its new identity post demerger. It’s taking time and has been a rough ride but it’s getting there. Flexible, family-friendly working policies Good holidays Good pension scheme, health insurance and other benefits Great career development opportunities

    Cons

    Lots of change Big differences between locations (eg Stirling v Edinburgh office)

    Continue reading
    M&G plc2020-01-16
  2. "Sad decline"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee in London, England
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at M&G plc full-time for more than 10 years

    Pros

    Still some great people working there who really care Flexible working approach

    Cons

    Focus on cost cutting trumps everything Senior management destroying the asset management business through lack of knowledge.

    M&G plc2020-02-11
  3. "Terrible experience. COO & his reports are politicians, very little trust & integrity as they say 1 thing and do another"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Tech Lead in London, England
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at M&G plc full-time for more than 10 years

    Pros

    Great for a contractor to come make money for not doing much.

    Cons

    Senior Mgmt politics Severe cost cutting and outsourcing Service levels are dire Lack of integrity and trust from Senior Mgmt Pure defined strategy Pay is way off industry standards

    M&G plc2020-01-14
  4. Helpful (1)

    "A once great company sadly being destroyed"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee in London, England
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at M&G plc full-time for more than 5 years

    Pros

    None. The company is rapidly going down the pan, thanks to a totally incompetent board.

    Cons

    M&G was a once great asset management company. It has merged with Prudential UK, and it has been downhill ever since. Effectively the old M&G board was replaced by the Pru UK board. So it has been a bloodbath of the 'old M&G' staff as the insurance side has culled historic M&G employees. Nepotism, incompetence, bullying, fear are rife, with mates of management and contractors taking all the jobs. Departments are full of contractors , not doing a great deal other than extending their contracts and producing the odd PowerPoint doc that looks great. Yet they get rid of the people that have been there a while, who care and actually understand the business. They're shipping a chunk of the company overseas or into Scotland. Morale is rock bottom and management have no leadership qualities whatsoever. Communication is dreadful to non-existent. Sad to see a great company being destroyed.

    Continue reading
    M&G plc2019-12-18
  5. Helpful (3)

    "Good company being run badly."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Fund Manager in London, England
    Doesn't Recommend
    Negative Outlook

    I have been working at M&G plc full-time for more than 5 years

    Pros

    Staff care and are motivated by serving their clients.

    Cons

    Management at board level are abysmal

    Continue reading
    M&G plc2019-11-20
  6. "Arrested development"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Project Manager in Reading, England
    Doesn't Recommend
    Negative Outlook
    No Opinion of CEO

    I have been working at M&G plc full-time for more than 3 years

    Pros

    Good location Annual company bonus for employees

    Cons

    Company culture Working in silos Political and power games Narrow minded view at people’s possibilities Inconsistency in how company values and policies are applied Grade system which hinders collaboration Feedback to executives acknowledged but not taken onboard Very limited career opportunities Chaotic business change

    Continue reading
    M&G plc2019-11-21
  7. Helpful (2)

    "Culture changed for the worse"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee in London, England
    Doesn't Recommend
    Negative Outlook
    No Opinion of CEO

    I worked at M&G plc full-time for more than 8 years

    Pros

    Great investment in technology and digital transformation New Building Introduction to flexible working

    Cons

    Too many layers of management - only a handful have the management/ leadership skills required to do the job Toxic working environment in certain areas of the business - daily bullying and harassment are a norm HR are unreliable, will not help employees and will always protect management A lot of internal mobility which unfortunately results in a lot of incompetent people being placed at unsuitable for them positions The internal application/interview process is not consistent for all employees The company used to attract much better caliber of candidates Lack of management support for Learning and Development (apart from the CFA) Employees career interests and aspirations are not taken into account and management are only concerned with what suits the business Employees are expected to take orders from management despite being encouraged to express their opinions Frequent instances of micromanagement Educated, experienced and competent people are often overworked to compensate for the below average hires The company has good values on paper but they are just facade to cover up what is really going on behind the scenes

    Continue reading
    M&G plc2019-11-12
  8. "professional"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Personal Assistant in Reading, England
    Doesn't Recommend
    No Opinion of CEO

    I worked at M&G plc full-time for more than 10 years

    Pros

    professional, good benefits package, good work balance

    Cons

    communication to staff not always that quick when changes being looked at

    M&G plc2019-09-23
  9. "Good performing company and good place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - IT Design in Reading, England
    Recommends
    Positive Outlook
    No Opinion of CEO

    I worked at M&G plc full-time for more than 8 years

    Pros

    Variety of work and projects Flexible working arrangements Share save schemes Bonus

    Cons

    Promotions difficult to come by Outsourcing

    M&G plc2019-09-24
  10. "Great place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Stirling, Scotland
    Recommends
    Neutral Outlook
    No Opinion of CEO

    I worked at M&G plc full-time for more than 8 years

    Pros

    Good people to work with

    Cons

    Difficult period for employees during transformation

    Continue reading
    M&G plc2019-09-11

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