Asset Management

M&G to cut another £20m in costs as it merges wealth and life businesses

Target upped to £220m as ‘simplification agenda continues at pace’

CEO Andrea Rossi wants to build on the £121m in cost savings already achieved so far
CEO Andrea Rossi wants to build on the £121m in cost savings already achieved so far

M&G is on the hunt for another £20m in cost savings as it prepares to merge two of its business units.

The firm has increased its cost savings target from £200m to £220m by 2025, according to half-year results published on 4 September.

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