M&G plc Employee Reviews about "m amp g"

Updated Aug 29, 2021

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Found 7 of over 416 reviews

3.7
72%
Recommend to a Friend
65%
Approve of CEO
M&G plc CEO John Foley
John Foley
71 Ratings
Pros
  • "brilliant work life balance and extremely empathetic leaders(in 97 reviews)

  • "good working atmosphere and good people(in 23 reviews)

  • Cons
  • "No parking space if you are not a senior management team member even if they promised one before I accept their offer(in 14 reviews)

  • "m amp g(in 11 reviews)

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

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    Reviews about "m amp g"

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    1. 5.0
      Former Intern

      very good

      Aug 20, 2021 - Student in London, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      good working atmosphere and good people.

      Cons

      No significant downsides to employment at M&G

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    2. 2.0
      Former Employee, more than 3 years

      Poor Risk culture

      Aug 17, 2021 - Anonymous Employee in London, 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
    3. 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
      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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      6 people found this review helpful
    4. 5.0
      Current Employee, more than 5 years

      Unknown

      Aug 24, 2020 - Senior Auditor in Edinburgh, Scotland
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great culture, good work life balance, more could be done on flexible working.

      Cons

      Work life balance seems better at m&g

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    5. 2.0
      Former Employee, more than 5 years

      Not as good as it used to be. Future looks bleak.

      Apr 21, 2020 - Technology in London, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Immediate team members make work enjoyable and rewarding. Building is modern and flexible working options are great.

      Cons

      Lots of ongoing change following demerger with no vision. Board are invisible, not approachable and have little concept of people values. M&G employees who made the company great are being pushed out. Salary and bonus is poor relative to industry.

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      5 people found this review helpful
    6. 2.0
      Former Employee, more than 3 years

      Overwhelming Change

      Mar 31, 2020 - Analyst in London, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great people, so much to learn from. Good coffee, very nice office. Good work life balance and work from home.

      Cons

      I have never worked somewhere that has changed so much in such a short period of time. Over the 2.5 years I worked there, M&G went from like a old fashioned asset manager, to a cold corporate soulless place. Unfortunately the Glassdoor ratings seems to corroborate my experience. Massive amounts of change in every part of the business where pretty overwhelming for staff. Friendly and visible top-management disappeared and were replaced with stale old corporate types. Over time the emergence of a few ugly harassment cases against women in the media shed light on fairly seedy behaviour that management seemingly turned a blind eye to. This reinforced an ugly perception I had from our shocking gender pay gap report. I recently read that M&G stood for Mean and Greedy. It's really tragic to see such a nice place decline so precipitously.

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      6 people found this review helpful
    7. 3.0
      Current Employee, more than 8 years

      Invest in staff

      May 9, 2019 - Anonymous Employee in London, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      New office, casual dress and Agile working within the office and at home. Pleasant colleagues. Approachable management for work queries. Aside from a pretty low morale, the culture is nice and has developed quickly, a bigger push on bringing the 'whole you' to work with culture and gender groups being set up.

      Cons

      Uncertainty - redundancies and demerger, feels like we're being packaged up to be sold off. Changes in title and more work (a promotion) without being compensated; not uncommon here. Diligent staff can be taken for granted and pick up slack for other staff for the long term; leads to an increase in the number of staff being signed off with stress due to high workload and a lower morale. Communication on important issues is lacking (business change, staffing, Gender Pay, where the company is going) Lack of encouragement for career progression or internal moves. The company previously felt more like a family but many M&G old faces are leaving/being made redundant so I fear the knowledge within the company is lessening as time goes on, with more contractors coming in.

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      8 people found this review helpful
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