Expanding options for defined benefit schemes
M&G has introduced a new run-on solution named cashflow-driven investment (CDI)+, accompanied by a £400m deal. The offering merges M&G Investments' expertise in covering future pension payments while hedging against inflation and interest rate risks with the insurance capabilities of M&G Life. According to Kerrigan Procter, managing director of corporate solutions at M&G Life, the solution is designed to assist pension schemes in balancing growth, security and flexibility.