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  "documentTitle": "M&G | Results Presentation Deck | 65 slides",
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  "authorName": "M&G",
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  "presentationDate": "2024-03-01 00:00:00",
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      "text": "Asset Management cost base (£m)",
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      "text": "Cost action will first offset\ninflationary pressures\nAny additional savings will be\nreinvested to support growth\nPriority growth areas are\ninternational distribution and\nprivate markets capabilities\nWe remain focused on delivering\ntargeted cost initiatives, freeing up\nresources to drive revenue growth",
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      "text": "Main cost initiatives include:\nVoluntary Redundancy programme\nReduction in office footprint\nReorganisation of the Private\nMarkets team\nLower spend in support functions\nand technology",
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      "text": "Commitment to maintain\nthe cost base broadly flat in 2024",
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      "text": "Like-for-like costs up only c. 1%\ndespite inflationary environment",
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      "text": "Asset Management: Taking action to control cost base",
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