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

AMNT raises concerns over TPR enforcement strategy

AMNT raises concerns over TPR enforcement strategy

AMNT says regulator must clarify framework and differentiate DB and DC priorities

Holly Roach
clock 12 November 2025 • 2 min read
News Digest: Please Rachel, don't sacrifice workers' pensions

News Digest: Please Rachel, don't sacrifice workers' pensions

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

Professional Pensions
clock 12 November 2025 • 1 min read
APPT publishes update to corporate sole trustee code of practice

APPT publishes update to corporate sole trustee code of practice

Updated code of practice will take effect from 1 January 2026

Martin Richmond
clock 11 November 2025 • 2 min read
Trustpilot