Legal Counsel - Individual Life & Pensions

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 also offer work place accommodations to ensure you have what you need to effectively deliver 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:

At M&G, we’re committed to helping you thrive and supporting your wellbeing, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, while planning confidently for your future. Our UK benefits include:

• As a savings and Investments firm we are proud to offer a valuable pension scheme of 18%, with 13% made up of Employer Contributions and 5% Employee Contributions. We also offer Share Save and our Share Incentive Plan, together with access to 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 5 extra days and additional flexibility through our Time Off When You Need It policy – to balance your work and personal commitments.  

• Our market leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - as supporting families is a core aspect of our inclusive culture.

• Health & Protection cover including Private Healthcare, Critical Illness cover and Life Assurance for you, with family options - for peace of mind.

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

We have a diverse workforce and an inclusive culture at M&G, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.

M&G is also proud to be a Disability Confident Leader, and we welcome applications from candidates with long-term health conditions, disabilities, or neuro-divergent conditions. 

If you need assistance or an alternative means of applying for a role due to a disability or additional need, please let us know by contacting us at: [email protected]