M&G sees rise in net inflows in ‘strong start’ – Daily Business
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M&G’s offices in Stirling
M&G has posted a strong start to 2026, achieving £0.6 billion in net inflows from its open business, a significant improvement from the £0.1bn outflow in the first quarter last year.
It has maintained resilient assets under management and administration (AUMA) at £371bn. The asset management division saw net inflows of £0.7bn, driven by wholesale performance, with AUMA reaching £344bn, up 10% year-on-year.
The life division completed its first with-profits bulk purchase annuity deal valued at £0.3bn, and despite modest outflows from legacy business and PruFund, the company is confident in continued growth due to a strong pipeline and upcoming product launches.
Andrea Rossi, group chief executive, said: “We have made a strong start to 2026.
“Thanks to a strong new business pipeline… we are confident in our ability to deliver continued growth this year.”
Rathbones Group reported a 9.4% increase in operating income to £240.7 million for the first quarter of 2026 compared to the prior year, driven by improved market levels.
Funds under management and administration decreased slightly to £113.6bn from £115.6bn at the end of 2025.
The company experienced net outflows of £0.8bn, largely attributed to tax-driven withdrawals and lower-margin execution-only services, with wealth management net outflows at £0.4 billion and asset management net outflows at £0.4 billion.
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