Legal & General (L&G) has reported it expects a £10m loss in its defined benefit (DB) flow-related revenue and profits in 2022 as a result of the market volatility caused by September’s Mini Budget.
In a trading statement posted today (18 November), the firm revealed despite experiencing positive flows in liability-driven investments (LDI) across the year, the loss of revenue is a result of th...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
