L&G retirement profits up despite 54% fall in annuity sales
Legal & General (L&G) has posted an operating profit growth of 10% for the last year following a strong performance of its retirement division.
The group posted operating profits of £1.28bn - up from £1.16bn in 2013. Its pre-tax profit increased by 8%, from £1.14bn to £1.24bn. L&G's retirement division saw the biggest growth after profits increased...
More on Pensions
Timeline enters fact find and risk profiling markets
Launches soon
Colin Simmons: Putting lockdown savings to tax-efficient use
Pension boost from lockdown pain
Ascot Lloyd grows war chest to £100m after deal with US investment group
Made 12 acquisitions in 2020
OMW's Mugridge on final migration: 'No champagne cork popping just yet'
Final migration this weekend
Back to Top
More news
Timeline enters fact find and risk profiling markets
Launches soon
Colin Simmons: Putting lockdown savings to tax-efficient use
Pension boost from lockdown pain
Chancellor Sunak 'likely' to freeze lifetime allowance - reports
Rishi Sunak has plans to freeze the lifetime allowance for the rest of the current parliament in a "stealth tax" on the wealthy, according to The Times.
Ascot Lloyd grows war chest to £100m after deal with US investment group
Made 12 acquisitions in 2020