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L&G group chief executive António Simões
Legal & General (L&G) is set to return a proportion of the capital it had allocated to pension risk transfer (PRT) business in 2024 after a largely gilts-based investment strategy led to it investing less than expected in this area of business during the year.
In a presentation to investors this morning, L&G said it has written £7.9bn of UK PRT deals so far in 2024 – with a further £500m expected to close this year. Deals the firm has completed this y...
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