M&G

About M&G

The story of M&G begins not with a startup, but with a revolutionary idea in 1931. Municipal & General Securities Company Limited, as it was then known, launched the first mutual fund in the UK, the First British Fixed Trust. This allowed everyday people to pool their money and invest in a fixed portfolio of 24 blue-chip companies. This move aimed to democratize wealth and make long-term savings more widely accessible. For decades, M&G established itself as a leading investment manager in the UK. A pivotal moment came in 1999 when Prudential plc, a major insurance company, acquired M&G. This acquisition brought M&G under the umbrella of a much larger financial institution. Fast forward to 2017, and a significant restructuring occurred when M&G was merged with Prudential's UK and European businesses to form M&GPrudential. The most significant chapter in its recent history unfolded in 2019. In a strategic move to allow both businesses to focus on their core markets, M&G demerged from Prudential. This led to the creation of M&G plc, which listed on the London Stock Exchange in October of that year. The demerger established M&G as an independent, publicly traded savings and investments business, marking a new era for the company.