Pros
Flexible working - junior and mid level staff can effectively WFH 1-4 days a week. The new high testosterone leadership would clearly like everyone in the office much more often, but the company has given up a lot of floor space to save money.
Cons
It’s a business which is in total denial of reality. Never resources available to front line teams to do anything strategic and meaningful to drive revenue and get ahead of the competition. For years the business has existed in a permanent state of cost-cutting and decision-paralysis, while the C-suite instead pours millions into external consultants to attempt to patch holes below the waterline (IT, finance, culture, customer service etc) and making ill advised acquisitions (eg responsAbility and PSA). As a result AUM is falling, not rising, and the once well-known brand has become near-irrelevant. A lot of really good people and their knowledge have gone, while lots of box-tickers and jobsworths remain. It’s sad for those (clients and employees) who loved and respected M&G, but there’s not much left to love: the values of care and integrity and the culture of independent thinking which were such a big part of M&G aren’t talked about any more. Instead we have lots of corporate window dressing and pay a huge dividend to try to convince everyone that it’s all OK.