L&G reports £6.3bn of bulk annuity sales in H1 as DC assets soar by 35%
Legal & General (L&G) completed £6.3bn of buy-ins and buyouts in the first six months of the year, with another £923m deal completed in July, the firm's half year results confirm.
The institutional retirement arm of the business also reported a 45% growth in operating profit, landing at £524m compared to £361m in the same period last year. The volume of bulk annuities recorded...
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