Archive

PIC completes £3bn of bulk annuity deals in H1, says pipeline remains strong

CEO Tracey Blackwell highlights demand for large, complex transactions

L&G doubles retail annuity sales, but PRT business slows in H1

More than £24bn of active PRT deals in UK, most of which to transact this year

UK matching adjustment benefit rises to £78bn

More business for bulk annuity insurers, as interest rates dip

TNFD will influence L&G's business strategy, says group climate director

UK life insurer and asset manager has signed as an early adopter to the TNFD

L&G slims down to three divisions

CEO António Simões announces strategy for "simpler, more synergistic and capital light" group

L&G seals £900m buy-in with ICI Pension Fund

Over half of large DB pension schemes in UK are targeting bulk annuities

Legal & General said this is a significant uptick since 2015

L&G maintains profits in 2023 amid difficult investment markets

But bulk annuity sales - and use of funded reinsurance - continue to rise

L&G reveals latest IFRS 17 financials and PRT market activity

Shareholders' equity halved, but a £13.6bn CSM and RA created

L&G readies for £20bn pension risk transfer deal

Solvency UK reforms will help broaden asset base, says chief executive Nigel Wilson