Legal Counsel - Individual Life & Pensions

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.

Purpose

We are seeking an experienced retail financial services lawyer to join as permanent member of the M&G Legal team, focusing on advising our Individual Life & Pensions business.

The role will support the development, distribution and ongoing management of retail savings and investment propositions to enable business growth and ensure good customer outcomes.

Key responsibilities

• Provide timely, clear and commercially pragmatic legal advice on matters relating to:
  • retail savings and investment products
  • product structuring and design
  • customer communications and financial promotions
• Interpret and apply relevant legal and regulatory frameworks, translating these into practical guidance for the business
• Support the business in identifying and managing legal, regulatory and conduct risks

• Advise on the development and implementation of new and existing products and propositions, including changes to features, distribution and servicing models
• Provide legal input into product lifecycle management, including remediation activity where required

• Draft, review and advise on:
  • policy terms and conditions
  • customer communications
  • marketing materials and financial promotions

Skills and experience

Technical expertise

• Qualified solicitor (England & Wales or equivalent) with at least 4 years of relevant PQE (Essential)
• Experience of advising within one of the following sectors (Essential):
  • Life insurance and/or
  • Pensions and/or
  • Asset/wealth management and/or
  • Retail financial services
• Working knowledge of legal and regulatory frameworks relevant to retail savings and investment products.

Commercial and analytical capability

• Strong ability to apply legal principles pragmatically in a commercial context
• Sound judgement and ability to balance legal risk with business objectives
• Ability to manage complex issues and provide clear recommendations

Stakeholder management

• Strong interpersonal and communication skills
• Proven ability to influence and engage effectively with senior stakeholders
• Collaborative approach, with the ability to work across functions

Personal attributes

• Proactive, solutions-oriented approach
• High levels of integrity and professional judgement
• Ability to manage competing priorities and deliver high-quality output to deadlines

Experience Level: Manager/Expert

Recruiter: Helen Simons

What we offer:

We’re dedicated to supporting your wellbeing and helping you thrive, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, and financially plan for the future. Our UK benefits include:

• A valuable pension scheme of up to 18% (13% made up of employer contributions and 5% employee contributions).
• Access to our Share Save and Share Incentive Plan, alongside financial wellbeing and support services to help give you real confidence to put your money to work.
• Enjoy 38 days annual leave (including bank holidays), with the opportunity to purchase up to five extra days. Our Time Off When You Need It policy gives you the flexibility - to balance work and personal commitments.
• Our market-leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - because supporting families is an important part of our inclusive culture.
• Health & Protection cover includes Private Healthcare, Critical Illness cover and Life Assurance for you, with additional family options - for peace of mind.

To explore more about life at M&G and our full benefits offering, visit Life at M&G

At M&G we strive to have a diverse workforce and an inclusive culture, underpinned by our policies and employee-led networks that offer networking, support and development opportunities for the diverse communities our colleagues represent. We welcome applications from people of all backgrounds – across gender, ethnicity, age, disability, sexual orientation and more – including neurodivergent individuals, career returners and those with military service experience.

M&G is proud to be Level 3: Disability Confident Leader under the UK Government Disability Confident employer scheme, and we welcome applications from candidates with disabilities and long-term health conditions. If you would like to participate in the initiative, you will have the opportunity to indicate this on your application.

We are committed to providing an inclusive recruitment process. All candidates have the opportunity to request reasonable adjustments when applying. If you need any additional support at any stage, please contact us at: [email protected]