January 27th, 2023

The final result of the ballot was:-

Accept the offer              94%              

Reject the offer               6%

Turnout              62%              

Thank you for your continuing support.

Posted in Pay | Comments Off on 2022/23 Salary Ballot Result

January 10th, 2023

As you are aware we submitted our pay claim to the Company in November last year.  We asked for an across the board increase plus a small merit pot to reward performance.

Our aim was to ensure that lower to middle earning colleagues receive a higher merit pot so that the cost of living increases (which impact the lower paid most) are mitigated as much as possible. In addition, feedback from Unite Representatives in other finance sector companies was fed in to the negotiations.

The Company initially proposed salary bandings differentiating between those colleagues earning less than £49,999 and those earning between £50,000 – £99,999. We are pleased that the Company took on board our feedback and agreed to increase the threshold of the lower salary band from £49,999 to £74,999, as well as the proposed minimum increase in the lower salary bandings. For those earning under £74,999 who are eligible, there will also be a  one-off payment of £500, the overall package therefore ranges between 8.75% and 11.9% which is on a par with the average RPI of 9% in 2022.

Following negotiations the Company has now proposed the following final offer:

As you can see, this year has been very different in the approach to pay increases and salary bandings, this has been done to ensure middle to lower earners have some protection from the current cost of living crisis. We have worked with the Company to agree the Manager’s Guidelines and are pleased that the starting point for those rated ‘good & effective’ will be the merit pot (you may see this referred to as the “budgeted amount” in any Company communications) for their salary banding. The minimum increase for your salary band will be the starting point for anyone with a ‘building performance’ rating.  There are a small number of exceptions to this which will be shared with managers when the process opens but we feel these are sensible and have no material concerns.

We have also secured a commitment from the Company that if the cost of living crisis worsens during  2023, they will enter into discussions with us to consider how they could help mitigate any further financial impact to members.

It is now up to you, the members to decide whether you want to accept or reject the Company’s offer. Unite believes that this is the best possible offer that can be achieved through negotiation, the offer sits on a par with or better than other finance sector companies where Unite has recognition and we would recommend acceptance.

The ballot is open until 5pm on Tuesday 24^th January.

Thank you as always for your support.

*Please note that if your April 2023 salary increase takes your annual FTE salary over £74,999 you will not be eligible for the one-off £500 payment in May. This is because you will be in the higher salary band (£75,000 – £99,999) as at 1 May 2023 and the one-off payment doesn’t apply.

Posted in Pay | Comments Off on Salary Ballot 2022/23

December 16th, 2022

2022/23 Pay Claim

We submitted our pay claim to the Company in November.  We are some way into the negotiations and have been working hard to get the best outcome we can on your behalf.  We are close to reaching a final proposal that we can put to the members, early in the new year.

2022 Highlights

• We have represented or helped in excess of 50 people this year both formally and informally.

• We have had a positive impact in a number of collective consultations.

• Negotiated an uplift in both the amount and salary threshold of the cost of living payment. In addition, we ensured this payment was not reduced for part time staff who received the full amount, where eligible.

• We played a key part in putting together a Menopause Policy, this included requesting funding for HRT or any menopause related medication which was agreed. This was in our pay claim last year and we are one of the first  in the finance sector to do this.

As always, none of this is possible without the support and strength of  the Unite members in M&G plc.

If you need to talk to us about anything then please contact Unite@prudential.co.uk

We hope you have a peaceful Christmas and enjoyable New Year.

Unite, M&G Section

Posted in Monthly Updates | Comments Off on End of Year Update

June 29th, 2021

Colleague Support Advisor Role

As the only officially recognised union for M&G plc staff, we appreciate the Company’s aspiration to support colleagues better in M&G plc.

In addition to the support the Colleague Support Advisor may offer, Unite Representatives are truly impartial and independent of the Company and have a vast array of industry/legal/political knowledge and expertise that can be called upon should a member need support at any stage.  All Representatives are trained and fully supported by Unite.

Anyone can be a member of Unite regardless of grade or location and as a member of Unite you are entitled to raise any concerns and issues with us in a confidential manner.

Unite’s representatives work with the business to help make it a great place to work.  On behalf of M&G ‘s staff we negotiate annual pay rises and other benefits along with discussing working conditions etc.

Our strong membership and constructive dialogue with M&G plc management means we make a positive input to resolving issues and creating a positive working environment across the Company.

In addition, there are many other positive reasons to join Unite, including the individual benefits we offer.  These include:

• Professional advice and guidance on work related matters through our network of trained workplace reps, with back up from specialist employment law solicitors if needed
• FREE will writing service to members and their spouses
• A huge range of member benefits and discounts on a wide range of goods and services
• Access to a wide range of courses through Learn with Unite
• FREE (non-work related)legal advice
• And much more….

If you need any support, assistance or any further information then please get in touch: unite@prudential.co.uk

General Secretary Election

Members will start to receive your postal ballot papers around the 5^th July and the deadline for receiving the completed ballot papers is the 23^rd August.  You can find out who is standing and all other information regarding the election here:

https://www.unitetheunion.org/who-we-are/structure/unite-2021-general-secretary-election/

Return to Offices

We welcome the continued cautious approach from M&G plc regarding the pandemic and returning to the office.  We will be sending out the survey we asked you to complete last year again in July to see if anything has changed and what you need/want with the return to a more normal working environment.

Posted in Uncategorized | Comments Off on June 2021 Update

April 30th, 2021

We are deeply shocked and saddened at the news that Roddy Thomson has passed away.

We echo John Foley’s comments and whilst inevitably, we could not always agree on things, we felt that Roddy genuinely cared about colleagues and most importantly, listened to us.

Roddy was incredibly approachable and would always take time out to have a chat.

Our thoughts are with his family, friends and colleagues at this extremely difficult time and we appreciate the opportunity being offered by the Company to unite in showing our respect for Roddy this afternoon.

If any of you feel that you need any support, please either get in touch with us, or the Employee Assistance Programme on a confidential basis.

We are here to help.

Posted in Uncategorized | Comments Off on Roddy