M&G plc (MNG), the international savings and investments business managing assets for approximately 4.2 million retail and more than 1,000 institutional clients across 38 offices worldwide, has published its Q3 2026 trading update for the period ending 30 September 2026. The group reported £1.8 billion of net inflows from open business in the quarter, bringing the year-to-date total to £4.2 billion. Asset Management recorded its seventh consecutive quarter of net inflows, while the Life division was driven by strong demand for the BPA Plus With-Profits bulk purchase annuity solution.

Key Points

  • M&G plc (MNG) — leading UK-based international savings and investments group
  • Q3 2026 net inflows from open business of £1.8 billion; year-to-date inflows reach £4.2 billion
  • Group AUMA stood at £384.9 billion as at 30 September 2026, down from £387.4 billion at 30 June 2026, reflecting adverse market movements of £2.4 billion
  • Investors may watch full-year BPA sales guidance, PruFund platform expansion, and further Life division momentum into 2027

M&G Asset Management Achieves Seventh Consecutive Quarter of Net Inflows Across Public and Private Markets

Asset Management delivered net inflows from external clients of £0.7 billion in Q3 2026, extending its run of positive net flows to seven consecutive quarters. Public Markets contributed £0.6 billion of that total, with continued client demand noted in Private Credit and Real Estate within Private Markets. External client Asset Management AUMA remained broadly stable at £189.8 billion, as net inflows offset modest adverse market movements of £0.8 billion. Including internal assets, total Asset Management AUMA stood at £355.4 billion at the quarter end, compared with £356.5 billion at 30 June 2026. Growth came from both UK and international institutional clients, the announcement states.

BPA Plus With-Profits Solution Drives Life Net Inflows of £1.1bn, Full-Year Sales Forecast to Exceed £2.5bn

The Life division recorded open business net inflows of £1.1 billion in Q3 2026, with Annuities contributing £0.9 billion of net flows in the quarter. Year-to-date Annuity inflows reached £1.8 billion, and with a further £0.8 billion in exclusivity, the company stated it expects full-year BPA sales to exceed £2.5 billion, representing growth of more than 60% year-on-year. Life AUMA edged down to £194.3 billion from £196.8 billion at the prior quarter end, as adverse market movements more than offset inflow gains. The company flagged confidence in further Life growth in 2027.

PruFund Flows Stabilise in Q3 as Scottish Widows Platform Launch Generates Over £100 Million

PruFund net flows were flat in Q3 2026, an improvement on the negative position reported in the first half. The announcement attributes part of this recovery to the launch of PruFund on the Scottish Widows platform, which generated over £100 million of net inflows. M&G stated that PruFund will launch on a second platform in the new year, a development investors may monitor as a potential driver of retail inflows. PruFund AUMA was broadly stable quarter-on-quarter at £73.2 billion as at 30 September 2026.

Group AUMA Dips to £384.9bn as Market Movements Offset Positive Operational Net Flows

Total Group AUMA decreased from £387.4 billion at 30 June 2026 to £384.9 billion at 30 September 2026, primarily due to adverse market and other movements of £2.4 billion in the quarter. On a year-to-date basis, Group AUMA has risen from £375.9 billion at 31 December 2025, supported by £10.9 billion of favourable market movements. The group's total net flows, including closed business, were negative £0.1 billion in Q3 2026 and negative £1.9 billion year-to-date, reflecting anticipated run-off in the traditional With-Profits and other closed Life segments — an ongoing structural feature investors should consider when assessing overall flow momentum.