M&G plc

Company characteristics

Assessed report publication year
Financial year end 31/12/23
Sector Financials
Head office United Kingdom
Primary listing London Stock Exchange
GBP market cap 5,267,864,449
Net profit margin 2.89%
CEO tenure 1.2 years
Employee count 8,145
FRF draft assessment response Yes

Reward scrutiny

Living wage accredited Yes Living wage (calculation for operating regions) No
Living hours accredited No Tax reporting (GRI 207) No

Remuneration policies

Remuneration committee 100% independent Yes Remuneration committee discretion applied No
Director from workforce No Trade union relations (disclosure) No
Worker consultation on top pay (disclosure) No 80%+ shareholder support on pay Yes

Reward outcomes

CEO total pay (GBP) 2,745,000 CEO total pay change -59.19%
CEO pay ratio (to median employee) 28:1 Percentage point increase in maximum variable remuneration
Pension award parity between CEO and wider workforce Yes Pay of the next highest exec compared to CEO 62.14%
Gender pay gap (mean data) M&G plc all entities: 28.5% M&G FA ltd: 32.2% Prudential Distribution Limited: 22.9% IFDL: 16.6% M&G Corporate Services Limited: 32.2% Gender pay (women % in top quartile) 29%
Ethnicity pay gap (disclosure) Yes Total dividend (GBP) 463,000,000