Our savings business looks after an important but declining group of customers who own traditional life-insurance based savings products.
We continue to enhance our existing functionality and improve our operational efficiency to deliver high quality, low cost savings products to existing and potential customers to capitalise on trends within Savings and through LGIM.
We are UK focused.
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Percentage of divisional profit: Savings represent 5% of group divisional operating profits
Scale: Mature savings assets under management were £31 billion at 31 December 2016, up 4% from 2015 as favourable market movements have helped to mitigate the impact of net outflows.