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

SPP – Increasing impact at a time of 'transformational change' for the industry

SPP – Increasing impact at a time of 'transformational change' for the industry

Calum Cooper pledges to build on the SPP’s work and help improve the value of pensions to savers

Jonathan Stapleton
clock 02 June 2026 • 7 min read
News Digest: Pension master trusts join forces to tackle outdated transfer systems

News Digest: Pension master trusts join forces to tackle outdated transfer systems

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

Professional Pensions
clock 02 June 2026 • 1 min read
Calum Cooper takes over as president of the Society of Pension Professionals

Calum Cooper takes over as president of the Society of Pension Professionals

Hymans Robertson partner succeeds XPS Group’s Sophia Singleton in the role

Jonathan Stapleton
clock 01 June 2026 • 2 min read
Trustpilot