M&G reports record profits despite £1.7bn UK outflow

clock

M&G has reported a fifth consecutive year of record profits despite net outflows for its UK business increasing to £1.7bn in 2014.

The fund group reported a 13% increase in IFRS operating profit to £446m in parent Prudential’s full-year results today, driven by inflows in continental Europe. M&G took in £8.1bn from the region in 2014, up from £7.6bn in 2013, to more than offset increased outflows from its UK business. Net outflows in the UK rose from £700m to £1.7bn for the year as a whole, M&G said. Around £600m of this figure came in the fourth quarter. Property was a brighter spot: the M&G Property Portfolio saw record net inflows in the UK last year, according to the group. Meanwhile its £25bn Optimal ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Robo-advisers 'relegated to the history books' as JP Morgan drops Nutmeg brand

Robo-advisers 'relegated to the history books' as JP Morgan drops Nutmeg brand

To launch JP Morgan Personal Investing

Jen Frost
clock 01 October 2025 • 2 min read
Eight funds fail 2025 value assessment at St James's Place

Eight funds fail 2025 value assessment at St James's Place

In total 18 funds were red-flagged for underperformance

Cristian Angeloni
clock 29 September 2025 • 2 min read
FCA issues fresh warning on high-risk investments from unregulated firms

FCA issues fresh warning on high-risk investments from unregulated firms

Regulator rings alarm bell on unlisted loan notes and mini-bonds

Cristian Angeloni
clock 26 September 2025 • 2 min read