L&G retirement profits up despite 54% fall in annuity sales
Legal & General (L&G) has posted an operating profit growth of 10% for the last year following a strong performance of its retirement division.
The group posted operating profits of £1.28bn - up from £1.16bn in 2013. Its pre-tax profit increased by 8%, from £1.14bn to £1.24bn. L&G's retirement division saw the biggest growth after profits increased...
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