# Prudential Staff PS

Prudential Staff PS is a Pension Fund based in London, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** London, United Kingdom
- **Region:** Europe
- **Address:** 10 Fenchurch Avenue, London, United Kingdom
- **Founded:** 1918
- **Assets under management:** 9398 (Altss estimate)
- **Website:** prudentialstaffps.co.uk

## Regulatory record

- **Reports private funds:** No

## About

The Prudential Staff Pension Scheme was established in 1918 by The Prudential Assurance Company. It now operates under M&G plc sponsorship and provides retirement benefits to current and former employees through defined benefit and defined contribution sections. The scheme directs 4.8 percent of assets to private equity. It maintains direct holdings in UK commercial property through M&G Real Estate Managed Portfolio and M&G Secured Property Income Fund. Infrastructure exposure occurs via equity and debt funds. A $4.7 billion longevity swap with Pacific Life Re covers more than 20,000 pensioners. Geographic reach centers on the United Kingdom and extends to Europe and global markets through pooled vehicles. Assets total $9.4 billion. XPS Administration Limited has served as pension administrator since 2002. Aon acts as scheme actuary. In January 2024 the scheme participated as speaker at the Private Markets Pensions Investment Forum in London. Adjacent vehicles include the Prudence Foundation, established in 2011, and the Prudential Staff Charitable Trust, formed in 2010. The scheme functions as a captive pension vehicle sponsored by M&G plc with Prudential Staff Pensions Limited as corporate trustee. It maintains membership in the Institutional Investors Group on Climate Change and has set a net-zero portfolio target for 2050 with an interim 55 percent carbon intensity reduction by 2030.

## Sectors

- Private Equity
- Real Estate
- Infrastructure

## People

- Keith Bedell-Pearce — Chairman of the Trustee

## Questions

### Who runs investment decisions at Prudential Staff PS?

The corporate trustee Prudential Staff Pensions Limited oversees the scheme. Keith Bedell-Pearce serves as chairman. Day-to-day investment management is delegated to M&G Investment Management Limited.

### Does Prudential Staff PS participate in fund commitments or only direct deals?

The scheme acts as limited partner in private equity, infrastructure and real estate funds. It also holds direct property assets and executed a $4.7 billion longevity swap.

### What investment stages does Prudential Staff PS typically target?

The scheme allocates to mature private equity and infrastructure funds. It maintains exposure to listed equities and UK commercial real estate.

### How is Prudential Staff PS related to M&G plc?

M&G plc is the principal employer and sponsor. M&G Investment Management Limited serves as primary investment manager for scheme assets.

### What is Prudential Staff PS posture on co-investments alongside external GPs?

The scheme invests through external managers in private equity and infrastructure funds. No direct co-investment program is disclosed in available records.

## Related profiles

- [BPF Schilders](https://altss.com/profile/bedrijfstakpensioenfonds-voor-het-schilders-afwerkings-en-glaszetbedrijf-bpf-schilders)
- [Bartlett & Co Wealth Management](https://altss.com/profile/bartlett-co-wealth-management-llc)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/prudential-staff-ps

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology