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

PMI says apprenticeships 'increasingly vital' to future capability of pension professionals

PMI says apprenticeships 'increasingly vital' to future capability of pension professionals

PMI’s Vanessa Jackson champions importance of apprenticeships in the sector

Jasmine Urquhart
clock 09 February 2026 • 1 min read
Buzz: Is the VfM consultation a 'masterpiece of dross' that needs to be ditched?

Buzz: Is the VfM consultation a 'masterpiece of dross' that needs to be ditched?

VfM consultation, salary sacrifice and member representation on trustee boards

Professional Pensions
clock 09 February 2026 • 1 min read
Incisive Media launches account-based advertising service for financial service sector

Incisive Media launches account-based advertising service for financial service sector

New platform combines three decades of industry data with multi-channel precision to deliver measurable pipeline growth

clock 09 February 2026 • 2 min read
Trustpilot