L&G sells mature savings business to Swiss Re in £650m deal

  The insurers said the business being sold was largely made up of retail customers who hold traditional insurance based pensions, savings and investment products. Its assets at H1 2017 of £33bn include both unit-linked business and Legal & General's £21.4bn with-profits fund.  The firm said the operation has about a million customers and had largely been closed to new business.   Swiss Re's ReAssure division is a life and pensions business designed to manage closed and non-core in-force portfolios, focusing on delivering excellent service and outcomes to policyholders.  L&G add...