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02 October 2024

M&G appoints Kirsty Wright to further develop its £62 billion flagship PruFund range

2024
02 October 2024 – M&G today announces the appointment of Kirsty Wright as Director of PruFund Proposition, as the firm seeks to further develop its flagship PruFund range of funds. In the newly created role, Kirsty is responsible for developing new propositions within the £62 billion smoothed multi-asset PruFund range, first launched in 2004, and is now invested in by over 450,000 customers in the UK, advised by 5,000 advice firms.

Kirsty joins M&G’s life insurance business from LV= where she was Head of Wealth Proposition. Over the last 17 years, she was responsible for the proposition development strategy for its pensions, annuities and investment propositions, including the firm’s Smoothed Managed Fund With-Profits proposition.

Designed to meet increasing customer demand for long-term savings solutions, PruFund’s long-term performance track record and globally diverse asset allocation appeals to savers seeking consistent investment returns over the medium to long term (10 to 15 years or more), while the fund's smoothing mechanism helps to reduce the impact of market fluctuations, providing a more stable investment experience1. Over the last 20 years the PruFund Growth fund has delivered an annualised return of 5.38%1. This means that an investment of £50,000 at launch in November 2004 is now worth £140,7662.

Due to its size and scale, customers have exposure to investments such as infrastructure, real estate and unlisted companies, with between 25-30% of the range invested in alternative asset classes, drawing on the heritage and experience of M&G’s asset management business of investing in these areas.

Over the past 20 years, the range has grown to meet a variety of customer needs and risk appetites across major tax wrappers, including onshore and offshore bonds, ISAs, and pensions. Most recently, clients have been able to access to the range of funds via a platform for the first time. M&G will now focus its strategy on making PruFund as accessible as possible by replicating this model across multiple platforms in order to drive growth.

Anusha Mittal Managing Director, Individual Life and Pensions, said: “I’m delighted to welcome Kirsty to M&G. Our PruFund range now has a 20-year track record of delivering smoothed returns for customers and protecting from short-term market volatility which can be an attractive feature for those seeking to preserve capital as they head towards or enter retirement.

“We are able to combine the powerful investment, smoothing and distribution capabilities within M&G to develop innovative retirement solutions that meet the changing lifestyle needs of clients. Kirsty’s appointment will be pivotal as we build on PruFund’s success and further expand its availability.”

Kirsty Wright, Director of PruFund Proposition, said: “PruFund is a unique proposition in the market and has a fantastic reputation for delivering for customers. I look forward to the next stage of PruFund’s development as we seek to widen its distribution, providing more advisers with access to well-diversified, low-volatility investment solutions for their clients, which give them the confidence to invest and grow their savings over the long-term.”

Media enquiries

Louise Bryans

M&G Media Relations

Notes to editors

Open1.

PruFund Growth 20-year performance vs ABI Mixed Investment 20-60% Shares sector

Graph showing 1.	PruFund Growth 20-year performance vs ABI Mixed Investment 20-60% Shares sector

Source: Financial Express (FE) 25/11/2004 to 20/08/2024. Please remember that past performance is not a reliable indicator of future performance. The figures are intended only to demonstrate performance history of the fund over the period shown. The PruFund figures include a representative fund management and product charge of 0.95% pa and any additional investment expenses, but not any advice charges. The application of charges and further costs will impact the overall performance. Please note that our charges any further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with net income reinvested. The value of your investment can go down as well as up.
Open2.
£50,000 investment in PruFund Growth in the PruFund Investment Plan from 25 November 2004-20 August 2024, including a 0.95% product and fund charge. Source FE fundinfo.
Open3.
Photo of Kirsty Wright is available on upon request
Open4.

Kirsty Wright - Biography

LV= - 2007-2024

  • Head of Wealth Proposition

GE Life/Tomorrow – 2001-2007

  • Product Manager - Pension

M&G plc is a leading international savings and investments business, managing money for around 4.6 million retail clients and more than 900 institutional clients in 38 offices worldwide. As at 30 June 2024, we had £346.1 billion of assets under management and administration. With a heritage dating back more than 170 years, M&G plc has a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. We serve our retail and savings clients under the M&G and Prudential brands in the UK and Europe, and under the M&G Investments brand for asset management clients globally.

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M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.

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M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.

M&G plc は、イングランド及びウェールズで設立・登録。本社登録地は10 Fenchurch Avenue, London EC3M 5AG。登録番号11444019。M&G plcは持ち株会社で、その子会社の一部はPRA(健全性監督機構)及びFCA(金融行為規制機構) に認可され、それらの規制対象となっています。

M&G plc は、イングランドを登録地、及び主たる事業領域とする会社で、その関連会社は有数の貯蓄・投資機関として基盤を確立しています。M&G plcは、Prudential Assurance Company Limited(プルデンシャル・アシュアランス・カンパニー・リミテッド)の直接親会社です。なお、Prudential Assurance Company Limitedは、アメリカ合衆国を主たる事業領域とするPrudential Financial, Inc.(プルデンシャル・ファイナンシャルInc.)またはイングランド及びウェールズで設立された国際グループ企業であるPrudential plc(プルデンシャル・ピーエルシー)とは一切関係がありません。

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M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.