L&G sees flat profits but LDI and master trust use grow

James Phillips
clock • 2 min read

Legal & General saw flat movements in operating profit over the course of 2020, and a fall in profit after tax, although its retirement and investment management businesses grew.

The financial services provider's results for 2020, published today (10 March), recorded the biggest rise in its retirement business, comprising both institutional bulk annuities and retail sales, ...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Industry

DC pension assets expected to hit £1trn and overtake DB within five years

DC pension assets expected to hit £1trn and overtake DB within five years

DWP figures suggest DC assets could surpass £1trn in 2031 and reach £1.24trn by 2035

Holly Roach
clock 17 June 2026 • 2 min read
Aviva gets targeted support green light

Aviva gets targeted support green light

Latest provider to get FCA approval

Jen Frost
clock 17 June 2026 • 1 min read
It's the members, stupid!

It's the members, stupid!

Rory Murphy asks if we are at risk of breaking the core relationship between workers and the governance of their own retirement funds

Rory Murphy
clock 17 June 2026 • 4 min read
Trustpilot