Assistant Investment Proposition Manager

mgpru; Stirling; Hybrid; GBP 45,000 - 65,000; Full time

Job summary

M&G Life is seeking an Assistant Investment Propositions Manager to support the governance and reporting of its investment propositions, including PruFund. Working with proposition managers and the Fund Reporting Team, you will handle day-to-day analysis, co-ordination and delivery across funds within the Life business.

You will focus on BAU activities, ensure customer outcomes align with regulatory expectations, and support colleagues across investment, product and operations to implement

Responsibilities

• Support the ongoing management and development of retail investment propositions, including PruFund, other smoothed/with-profits funds, unit-linked and OEIC fund ranges.

Job description

At M&G, our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions.

Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.

Through telling it like it is, owning it now and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.

We will consider flexible working arrangements for any of our roles and offer workplace adjustments to ensure you have the support you need to succeed in your role.

The Role: Assistant Investment Proposition Manager

This is a really exciting time to join a dynamic team that sits at the heart of the M&G Life business. Our remit is to own and manage the various investment propositions used by our customers, including our flagship £70bn PruFund proposition. We are at the forefront of shaping, governing and overseeing the outcomes we generate for our customers, and more importantly how we improve those outcomes in the future.

The Assistant Investment Propositions Manager supports the effective management, development and ongoing governance & reporting of M&G Life investment propositions.

Working alongside Investment Proposition Managers and the Fund Reporting Team, the role provides day-to-day proposition & reporting support, analysis, co-ordination and delivery across PruFund and other smoothed/with-profits funds, together with the wider unit-linked and OEIC fund ranges for which the team is responsible.

The role focuses primarily on business-as-usual activity and defined work packages rather than leading major or complex initiatives. It helps ensure propositions continue to deliver good customer outcomes, remain aligned with regulatory expectations and internal frameworks, and support commercial and distribution objectives.

Role context

M&G Life is a division of M&G plc. It runs the Prudential Assurance Company and is responsible for manufacturing and reviewing insurance products, including legacy business and life and pension products open to new business in the UK retail market.

Key focus areas

Supporting proposition managers with the ongoing management of PruFund, other smoothed/with-profits propositions, unit-linked funds and OEICs.

Delivering accurate, timely business-as-usual analysis, reporting, governance and stakeholder co-ordination.

Helping to assess proposition performance, customer outcomes, risks, regulatory developments and market or competitor changes.

Taking ownership of assigned activities while working within defined frameworks, agreed priorities and senior escalation routes.

Key responsibilities

Proposition management and BAU support

• Support the ongoing management and development of retail investment propositions, including PruFund, other smoothed/with-profits funds, unit-linked and OEIC fund ranges.
• Undertake regular proposition and fund-related activities, including information gathering, analysis, documentation, action tracking and maintenance of supporting records.
• Assist Investment Proposition Managers with defined elements of proposition change, fund developments, reviews and implementation activity.
• Co-ordinate inputs from relevant teams and subject matter experts, ensuring dependencies, actions and decisions are clearly recorded and followed through.

Customer outcomes, governance and controls

• Support reviews of fund and proposition outcomes, drawing together qualitative and quantitative information for senior colleagues and governance forums.
• Help ensure proposition activities are completed in line with product governance, Consumer Duty, risk appetite, applicable controls and relevant regulatory requirements.
• Prepare or contribute to governance papers, meeting packs, management information, decision records and action logs.
• Maintain a customer-focused and risk-aware approach, applying informed judgement and constructive challenge to information received.

PruFund and investment proposition support

• Build a strong working knowledge of the various investment vehicles, including the principles and customer considerations associated with these.
• Support analysis and communication of proposition features, fund developments and customer outcomes.
• Assist with the maintenance and review of proposition content used by internal teams, distribution colleagues, advisers and governance bodies.
• Work with investment, product and operational specialists to understand fund structures, dependencies and the practical impact of proposed changes.

Stakeholder and delivery support

• Work collaboratively across the various teams/functions & external third parties associated with the ongoing maintenance of the Investment propositions.
• Support cross-functional working groups by organising inputs, prep