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- Tasks: Lead product development and ensure customer-centric propositions in retirement income.
- Company: Join M&G, a diverse company committed to inclusivity and exceptional talent.
- Benefits: Enjoy flexible working arrangements and workplace accommodations tailored for you.
- Why this job: Be part of a high-performing team making a real impact in the retirement income market.
- Qualifications: Experience in managing pension retirement income propositions, especially annuities, is essential.
- Other info: We value diversity and welcome applicants from all backgrounds, including those returning from career breaks.
The predicted salary is between 43200 - 72000 £ per year.
We will consider flexible working arrangements for any of our roles and also offer workplace accommodations to ensure you have what you need to effectively deliver in your role.
The role of the Propositions team is to make sure that our propositions remain appropriate for their target market and deliver the promised outcomes throughout the customer journey. As an experienced Proposition Manager, you will drive forward change across a number of areas including product development and regulatory projects. Vital across all areas of accountability will be ensuring the customer is central to our thinking.
We need a high performing Proposition Manager with experience of developing and managing pension retirement income propositions. The successful applicant will be a Retirement Income specialist with a particular knowledge of annuities.
The Propositions team is made up of subject matter experts with extensive knowledge of M&G's insured propositions and a deep understanding of the legislative, regulatory and tax framework within which the products are operated. The Individual Products team has primary responsibility for ensuring that our propositions are sold to their target market and provide our advisers and their customers with market leading propositions.
The successful candidate will join the Individual Products team (part of the Propositions area) which is responsible for the management and development of a wide product range within M&G. This role is primarily focused on Retirement Income and in particular annuities. Experience in other product ranges such as corporate pensions is desirable but not essential.
This role requires an experienced product manager with the following capabilities:
- Deep understanding of the annuities market
- Experience of managing Annuity back books
- Experience of developing new solutions in the Retirement Income market
- Production of packs for senior stakeholder meetings
- Ability to identify and deliver growth opportunities
The following capabilities would be desirable:
- Experience of annuity pricing
- Knowledge of the UK individual pensions market in particular the SIPP market
- Knowledge of the UK corporate pensions market
We have a diverse workforce and an inclusive culture at M&G plc, 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 or disability 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.
Proposition Manager employer: M&G
Contact Detail:
M&G Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Proposition Manager
✨Tip Number 1
Familiarise yourself with the latest trends and regulations in the annuities market. This will not only help you understand the role better but also allow you to engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the retirement income sector, especially those who have experience with annuities. Attend industry events or join relevant online forums to build connections that could provide insights or referrals.
✨Tip Number 3
Prepare to discuss specific examples of how you've driven change in previous roles. Highlight your experience with product development and managing pension propositions to demonstrate your capability for this position.
✨Tip Number 4
Research M&G's current propositions and identify areas where you think improvements could be made. Presenting these ideas during your interview can show your proactive approach and genuine interest in the company.
We think you need these skills to ace Proposition Manager
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Proposition Manager. Familiarise yourself with the key aspects of the role, especially regarding retirement income and annuities.
Tailor Your CV: Highlight your relevant experience in managing pension retirement income propositions. Be specific about your achievements in product development and any regulatory projects you've been involved in.
Craft a Compelling Cover Letter: In your cover letter, emphasise your deep understanding of the annuities market and your ability to identify growth opportunities. Make sure to convey your passion for customer-centric solutions.
Showcase Your Knowledge: Demonstrate your knowledge of the UK pensions market, particularly SIPP and corporate pensions, in both your CV and cover letter. This will show that you are well-prepared for the challenges of the role.
How to prepare for a job interview at M&G
✨Showcase Your Expertise in Annuities
Make sure to highlight your deep understanding of the annuities market during the interview. Be prepared to discuss your experience managing annuity back books and any innovative solutions you've developed in the Retirement Income sector.
✨Demonstrate Customer-Centric Thinking
Since the role emphasises keeping the customer at the centre of all propositions, share examples of how you've previously ensured customer needs were met in your product management strategies. This will show that you align with their core values.
✨Prepare for Stakeholder Engagement
The role involves producing packs for senior stakeholder meetings, so be ready to discuss your experience in this area. Highlight any successful presentations or reports you've created that led to positive outcomes.
✨Understand Regulatory Frameworks
Familiarise yourself with the legislative, regulatory, and tax frameworks relevant to the UK pensions market. Being able to discuss these aspects confidently will demonstrate your readiness to navigate the complexities of the role.
