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

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Most trustees 'willing' to govern running-on schemes

Most trustees 'willing' to govern running-on schemes

XPS finds willingness of trustees and sponsors to work collaboratively

Holly Roach
clock 16 April 2024 • 2 min read
Industry warns of 'dire' pensions landscape as FCA publishes market data

Industry warns of 'dire' pensions landscape as FCA publishes market data

Industry warns of ‘bleak future’ as FCA unveils 2022/23 retirement income market data

Holly Roach
clock 16 April 2024 • 6 min read
Apax Funds to acquire Benefex owner Zellis Group from Bain Capital

Apax Funds to acquire Benefex owner Zellis Group from Bain Capital

Payroll and HR software solutions business bought Benefex in 2018

Jonathan Stapleton
clock 16 April 2024 • 1 min read
Trustpilot