About the Scheme

The Prudential Staff Pension Scheme (the Scheme) is set up under trust. It is managed by Prudential Staff Pensions Limited (the Trustee), a limited company. The Trustee Directors who make up the Trustee Board are responsible for running the Scheme.

The Trustee holds, manages and invests assets for the benefit of members and their Dependants. The trust structure is used for pension arrangements such as the Scheme and this means its assets are held separately from those of the M&G plc (the Company).

The Scheme comprises two main Sections:

• The Defined Benefit (DB) Section (sometimes known as ‘final salary’) providing benefits broadly based on a member’s final salary and service with the Company; and
• The Defined Contribution (DC) Section (sometimes known as ‘money purchase’) under which amounts are allocated to notional Personal Accounts, invested and used to buy benefits on retirement.

Summaries of the two Sections are set out in Booklets available to members of each Section. These Booklets can be accessed from the Document library of the Scheme website www.prudentialstaffps.co.uk