Finance and Capital Management
Sources of earnings
Retail Asset Management
Savings & Asset Management
Assets
Fees
3rd party Retail net client flows (in £bn)
Retail Asset Mgmt. average fees (in bps) 1
•
10.8
(9.3)
3rd party Retail AuM (in £bn)
(3.8)
62
63
60
(7.5)
58
90
73
76
79
2016
2017
2018
2016
2017
2019 H1
2018
2019 H1
1. Includes fees on Prudential Assurance Company internal assets managed by M&G
Key points
⚫ Negative flow picture in 2018
and 2019 due to challenging
macroeconomic environment
and retail investor confidence
• Current focus on building
sub-advisory offering expected
•
to generate flows into stickier
mandates over time
Fee pressure expected to
continue over the medium-term
• Gradual shift towards solutions
and multi-assets to partially
counterbalance this pressure
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