L&G retirement profits up despite 54% fall in annuity sales

Carmen Reichman
clock

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 profi...

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 Defined Contribution

Partner Insight: Unlocking Value in DC pensions – why active fixed income matters

Partner Insight: Unlocking Value in DC pensions – why active fixed income matters

Lee Hollingworth, Retirement & DC Solutions Director, explores the future adequacy problem facing the UK DC system, and how an active approach to fixed income investing could help improve retirement outcomes.

Lee Hollingworth Retirement & DC Solutions Director @ Royal London Asset Management
clock 12 June 2026 • 3 min read
Guided retirement could play 'critical role' in strengthening outcomes

Guided retirement could play 'critical role' in strengthening outcomes

Institute’s report says segmentation will be central to the design of guided retirement solutions

Martin Richmond
clock 08 June 2026 • 6 min read
DC strategies remain growth-focused despite market volatility

DC strategies remain growth-focused despite market volatility

Isio analysis shows providers remain focused on long-term outcomes despite geopolitical instability

Martin Richmond
clock 04 June 2026 • 3 min read
Trustpilot