Legal & General has pulled out of the market for defined benefit schemes for small empl-oyers as it ...
Legal & General has pulled out of the market for defined benefit schemes for small empl-oyers as it believes there is no longer sufficient demand for these products, writes Leo Bland. The group is no longer writing new business for insured DB products for schemes of up to 50 lives but will continue to look for fund management mandates for large schemes of 500 lives and above. Legal & General is also no longer offering admininistration services for large DB schemes. Instead, it is focusing on marketing group personal pensions to small employers in the run up to the launch of stakeholder ...
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