L&G posts 10% rise in profits; LGIM unveils 18% rise in DC assets

Jonathan Stapleton
clock • 2 min read

Legal & General (L&G) has published its 2018 results, revealing a 10% rise in operating profits driven by strong growth in both its retirement and defined contribution (DC) businesses.

The financial services firm said operating profits had risen from £1.7bn in the year to 31 December 2017 to £1.9bn in 2018, but noted profits after tax had fallen by 3% to £1.8bn, largely due to on...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Torsten Bell reappointed as pensions minister, a £760m buy-in deal and the industry responds to pension transfer proposals

Professional Pensions
clock 24 July 2026 • 1 min read
News Digest: The hidden tax on your pension

News Digest: The hidden tax on your pension

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 24 July 2026 • 1 min read
Pension scam warning flags persistent at 97% in June

Pension scam warning flags persistent at 97% in June

XPS says level of scam warning flags demonstrates the threat remains ‘significant’

Holly Roach
clock 23 July 2026 • 2 min read
Trustpilot