M&G plc Reviews

Updated Sep 21, 2021

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Found 185 of over 363 reviews

3.8
73%
Recommend to a Friend
76%
Approve of CEO
M&G plc CEO John Foley
John Foley
44 Ratings
Pros
  • "Really friendly team that encourage a good work-life balance(in 78 reviews)

  • "Flexible working, great IT equipment and very modern offices(in 16 reviews)

  • Cons
  • "m amp g(in 16 reviews)

  • "Career progression can be limited in certain roles(in 8 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

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    1. 5.0
      Current Employee
      Featured Review

      Great employer with a view to the future

      Jan 18, 2021 - Experience Design Lead in Edinburgh, Scotland, Scotland
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Cares about people, both staff and customers.

      Cons

      Cant think of any really.

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    2. 5.0
      Current Employee

      Great work/life balance

      Sep 13, 2021 - REGULATORY ACCOUNTANT in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great work/life balance from managers and execs Great pension incentive Great parental leave benefits

      Cons

      Communication of most significant changes only after the facts (i.e. press events)

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    3. 2.0
      Current Employee

      Culture

      Sep 21, 2021 - ESG Product Manager in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Can’t think of any right now.

      Cons

      Company is focusing on increasing its ESG ratings by getting consultants to write the right thing that those assessing ESG- ness are looking for. Unfortunately, it’s just a tick- box exercise. Culture is definitely not inclusive, little evidence of diversity of thought being encouraged. Employee voices are not being heard sufficiently enough. It’s a very much male and stale culture from Prudential, starting with CEO, which has resulted in a toxic culture, staff dissatisfaction and many females leaving the business to pursue other opportunities.

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    4. 5.0
      Current Employee

      Inclusive and diverse employer

      Aug 12, 2021 - Customer Support Consultant in Bath, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Lots of opportunities Diversity Bonuses and extras Overtime available

      Cons

      A bit more transparency from senior management wouldn't go amiss

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    5. 2.0
      Former Employee, more than 3 years

      Poor Risk culture

      Aug 17, 2021 - Anonymous Employee in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      The salary was good and the bonus scheme was reasonable. Management responded well to remote working during the Covid-19 Pandemic.

      Cons

      M&G has an ineffective Second Line (Risk) function that doesn't hold the business accountable for its risk and control failures. This is particularly the case when a failing could impact the reputation of Fund Managers, even when there could have been a detrimental impact on clients and customers. Part of the problem is that a number of senior Risk individuals do not have backgrounds in risk management, but rather in Project Management, Transformation, and HR/Marketing. The culture within the risk team in 2019/20 was fairly toxic; staff were strongly encouraged to not give contentious 'Risk Opinions', in effect diluting any true independence. The culture improved slightly in 2020, but Risk were still not seen as providing oversight and challenge, and opinions were largely toned down to be more palatable by Senior Business Management. Also, far too much time (and money) was spent implementing long overdue risk systems, again at the expense of actual risk oversight and challenge.

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      3 people found this review helpful
    6. 1.0
      Former Employee, more than 3 years

      Was a great place to work pre the merger with Prudential UK

      Aug 29, 2021 - Human Resources in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Prior to the merger with Pru UK, M&G Investments was a fantastic place to work. The culture was amazing and there was always interesting work and good colleagues. Base pay was on the lower side however the bonus was competitive and working environment made up for the pay.

      Cons

      The merger wasn’t a merger it was a takeover. As soon as it was announced things quickly started to change in terms of direction and culture. Things got even worse once Anne Richards left as she was a huge asset to the company and the only M&G advocate as part of the new senior management team. I eventually left as have most of the people I worked with during my tenure there. I find it ironic that the eventual end name for the new organisation was M&G considering they obliterated the once wonderful organisation and the few people I know that are still there are miserable.

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      2 people found this review helpful
    7. 4.0
      Current Employee

      Strong Company

      Jul 23, 2021 - Product Owner (PO) in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Access Ethics People Work life Infrastructure

      Cons

      Priorities Pay Development None None

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    8. 3.0
      Current Employee

      Mixed bag

      Aug 1, 2021 - Business Manager in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Change was needed, and is being delivered (pacing of that is v up and down and not always well communicated) . management of the various change projects is often weak. Good efforts are being made re D&I and ESG (late to the game there), but often feels like it’s playing to market trends - though I believe many involved In these streams passionately believe in making a difference.

      Cons

      Doing more with less creates greater stress on many employees and isn’t working. Several people of my acquaintance are filling multiple roles and are rapidly approaching burn-out. Lots of v experienced staff leaving which is causing concern.

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    9. 3.0
      Current Employee, less than 1 year

      Good Culture

      Aug 1, 2021 - Technology Risk Consultant in Glasgow, Scotland, Scotland
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Good Benefits and Flexible working

      Cons

      Career Progression can be limited

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    10. 3.0
      Former Employee

      Investment Manager

      Jul 22, 2021 - IT-Manager in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Forward thinking and growing company

      Cons

      Loss of focus on people

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