2014 Q3 INTERIM MANAGEMENT STATEMENT.
Growth in all divisions. Operational cash up 8% to £844m. Net cash up 12% to £827m.
Legal & General Investment Management (LGIM) today announced a restructure of its leadership team. This move is designed to drive LGIM’s future business growth across its key product ranges while continuing to meet its clients’ evolving needs, in the UK and internationally.
In today’s Fundamentals briefing, Legal and General Investment Management’s Head of Economics, Tim Drayson, examined the contrast in performance between the major economies and what this means for key asset classes next year.
The Board of Legal & General Group Plc (the "Company") is pleased to announce the appointment of Carolyn Bradley as an independent non-executive director of the Company. The appointment will take effect immediately.
Legal & General Property (LGP), on behalf of its Legal & General UK Property Fund, announces that it has successfully acquired a portfolio of three care homes from the Careplaces Fund, the specialist healthcare property fund managed by Bridges Ventures in partnership with care home developer Castleoak. Purchased for a total consideration of £25.2 million, the deal represents a net initial yield of 5.5%.
Legal & General’s Retirement, (LGR) business has secured a £2.5 billion partial buyout with the TRW Pension Scheme, (“the Scheme”) removing these liabilities from TRW Automotive’s balance sheet and insuring over 22,000 of the Scheme’s pensioners.
Legal & General Capital and Patron Capital today announce that they have established a new strategic partnership to identify and invest in long-term, operational, real-estate and infrastructure backed investment opportunities with a positive social impact. Patron will act as the primary originator and day-to-day investment manager, using its wealth of experience and resources.
We are pleased to announce the appointment of Richard Meddings as independent non-executive director of the Company. His appointment will take effect from 1 December 2014.
In today’s Fundamentals briefing, LGIM asset allocation strategist Christopher Jeffery examines factors that have driven terminal rates lower and what this may mean for the economic and market outlook.
Legal & General Group Plc (“Legal & General”) has agreed a bulk annuity arrangement with the Trustees of the Uniac Pension Fund (“the Fund”) to insure £129 million of the Fund’s liabilities through a buy-in policy held as an investment of the Fund.
A new report by the Longevity Science Panel concludes that the biological process of ageing is complex and an anti-ageing ‘wonder’ pill is not in sight.
Executive Director John Pollock has informed Legal & General’s Group Board that he intends to step down at the next AGM on 21 May 2015.
Legal & General has informed the Association of British Insurers (ABI), that it will cease to be a member of the organisation at the end of 2014
The political attractions of a Mansion Tax on houses worth over £2 million are obvious. It’s anti ‘Fat Cat’, it’s anti-London; and sends a message to those who can’t afford housing: “we’re on your side”.
Five big macro trends underpin our strategy and long-term growth.Read about the trends
For us corporate responsibility is a long-term commitment, which underpins everything we do.2013 CSR Report
Our report shows how we’re only building just over 100,000 homes each year, when we need more than double that number.Read our report
We’ve five key businesses which work together to provide financial security for our customers and create value for our investorsRead about our business
Help us choose which of our inspirational employees you'd most like to see win these awards. These awards showcase the amazing employees we have in our company, who give their time to help others.View full details
Read the article in the Daily Mail in which our CEO gives five reasons why 2015 is a big year for the North.Visit website
Our Q3 interim management statement is available to view onlineSee results
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