L&G sells £5.8bn retail back-book to Fidelity

Comprises c.300,000 customers

James Baxter-Derrington
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Offering customers “the best of Fidelity International’s large-scale administration and the LGIM investment expertise that they chose”
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Offering customers “the best of Fidelity International’s large-scale administration and the LGIM investment expertise that they chose”

Legal & General Group has agreed the sale of a book of retail investments from its personal investing business to Fidelity International.

The back-book is comprised of roughly 300,000 customers and contains £5.8bn assets under management held in legacy ISA, junior ISA and general investment account products, invested in Legal & General Investment...

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