Legal & General generates 'record' cash as pension freedom strategy pays off

Carmen Reichman
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Legal & General (L&G) has generated a 'record' £330m in cash in the first quarter of the year as changes to its business following the pension reforms paid off.

The group's operational cash income, driven by its assets under management and its premiums, was up 11% year on year in the first three months of 2015. The firm's investment management arm saw a...

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