{"id":112483,"date":"2025-09-03T21:54:15","date_gmt":"2025-09-03T21:54:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/112483\/"},"modified":"2025-09-03T21:54:15","modified_gmt":"2025-09-03T21:54:15","slug":"mg-to-launch-with-profits-bulk-annuity-in-2026","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/112483\/","title":{"rendered":"M&G to launch with-profits bulk annuity in 2026"},"content":{"rendered":"

The firm’s 2025 half-year results<\/a> \u2013 released this morning (3 September) \u2013 said that, since re-entering the BPA market two years ago<\/a>, it had completed \u00a31.8bn of deals and continued to develop innovative solutions such as its value-share BPA which it launched last year with the announcement of a \u00a3500m deal with a unnamed private corporate sponsor<\/a>.<\/p>\n

M&G said it was continuing to strengthen its capabilities in this area \u2013 improving its ability to quote on deals and implementing longevity reinsurance for new business.<\/p>\n

It said it had written \u00a3300m of new BPA business so far this year, including a \u00a3205m buy-in transaction with the Huntsman Pension Scheme announced in July<\/a>.<\/p>\n

M&G group chief executive Andrea Rossi said the firm would continue to broaden the product offering in its life business with the planned launch of its with-profits BPA early next year \u2013 a solution he said would be “a key competitive advantage in the UK retirement market”.<\/p>\n

The insurer has also re-entered the retail annuity market this year with a fixed-term annuity product and said it will expand the range further in 2026.<\/p>\n

M&G’s half-year results reported its adjusted operating profit before tax remained stable at \u00a3378m, compared to \u00a3375m in the same period of 2024.<\/p>\n

Its asset management business reported net inflows of \u00a32.6bn, up from \u00a3500m net outflows this time last year. International clients now comprise 58% of asset management assets under management, up from 37% five years ago.<\/p>\n

Asset management revenue totalled \u00a3514m in H1 2025, up from \u00a3499m in H1 2024.<\/p>\n

Recent deals also aided the firm with a long-term strategic partnership with Dai-ichi Life expected to add $6bn (\u00a34.48bn) in business over the next five years.<\/p>\n

M&G’s private markets arm now runs assets of some \u00a377bn, having acquired a majority stake in P Capital Partners, a Stockholm-based private credit manager, earlier this year.<\/p>\n

Rossi added: “The balanced and diversified nature of our business model, as well as the momentum across our asset management and life businesses, gives me confidence for the future.<\/p>\n

“We continue to build on our strong foundations to deliver long-term growth for our customers, clients and shareholders, which is high-quality and diversified across products, segments, and markets.”<\/p>\n","protected":false},"excerpt":{"rendered":"The firm’s 2025 half-year results \u2013 released this morning (3 September) \u2013 said that, since re-entering the BPA…\n","protected":false},"author":2,"featured_media":112484,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[54192,39596,39595,84,4176,54191,4174,4175,56,54,55],"class_list":{"0":"post-112483","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-andrea-rossi","9":"tag-bpa","10":"tag-bulk-purchase-annuity","11":"tag-business","12":"tag-finance","13":"tag-mg","14":"tag-personal-finance","15":"tag-personalfinance","16":"tag-uk","17":"tag-united-kingdom","18":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/112483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=112483"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/112483\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/112484"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=112483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=112483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=112483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}