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M&G targets £200m in cost savings as assets drop £28bn
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fnlondon.comM&G, the listed savings and investments group, said it will cut £200m in costs over the next two years after a brutal 2022 saw assets under management fall by £28bn.
Full-year results for the London-headquartered firm show M&G’s adjusted operating profit was down 27% at £529m, which it attributed to losses across its annuity portfolio and...
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