M&G attracts £1.8bn of Q3 net inflows as annuity demand drives growth

5th Nov 2026 08:49

(Sharecast News) - Savings and investments group M&G reported £1.8bn of net inflows from open business in the third quarter, maintaining positive momentum across the group as strong demand for annuities and continued institutional inflows supported growth.

The FTSE 100 insurer and asset manager said on Thursday that net inflows from open business reached £4.2bn in the first nine months of 2026, with total assets under management and administration standing at £385bn at 30 September, broadly unchanged from £387bn at the half-year stage.

Asset management delivered £700m of net inflows from external clients during the quarter, marking a seventh consecutive quarter of positive flows, with demand led by institutional clients in the UK and overseas, while public markets contributed £600m of net inflows. Asset Management AUMA was broadly stable at £355bn.

In M&G's life division, net inflows from open business came in at £1.1bn, driven by continued strength in the bulk purchase annuity market, with annuity inflows totalling £1.2bn in the quarter, taking year-to-date inflows to £1.8bn.

M&G said it now expects full-year annuity sales to exceed £2.5bn, having secured a further £800m of business in exclusivity.

PruFund net flows were flat during the quarter but improved on first-half trends, helped by a launch on the Scottish Widows platform that generated more than £100m of net inflows. A second platform launch was said to be planned for early next year.

As of 0845 GMT, M&G shares were up 0.61% at 328.70p.

Reporting by Iain Gilbert at Sharecast.com

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