Prudential was founded in 1848 to provide professional people with loans secured by life assurance. The business grew rapidly and by 1900, we insured a third of the UK population.
Over the next few years, Prudential continued to broaden its product range, including the addition of group pensions in the 1920s. Our shares were listed on the London Stock Exchange in 1924.
During the 1950s and 1960s – the heyday of the Man from the Pru – we focused on life cover, long-term savings and retirement annuities. Today Prudential has six million customers and we remain a leader in the provision of retirement income, savings and investments.
M&G was established in 1931 when we launched the first unit trust in the UK, the First British Fixed Trust. Since then, M&G has pioneered many UK investment firsts, including the M&G Thrift Plan in 1954 which allowed savers to make monthly contributions for the first time.
An independent company with a stock market listing for most of its history, M&G was acquired by Prudential in 1999. In 2017 Prudential announced the merger of M&G and its UK business to form M&G Prudential.
Today M&G manages the investments of individuals, institutions and the UK policyholders of Prudential. An active manager of money, it continues to invest across a diversified range of both public and private markets.