Legal & General (L&G) registered a 26pc fall in operating profits in 2007, impacted by the longer life expectancy of its UK clients.
The group paid out £269m in "longevity strengthening" last year, which contributed to a downturn in profits from £1.23bn in 2006 to £912m on a European embedded value (EEV) basis. Profits after tax were...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till