British insurer Legal & General boosted net profits by 8% in the first half of 2015 due largely to growth in its international fund management operations and demand from UK firms looking for help with defined benefit pension schemes.
China shares fell further on Tuesday after a huge sell-off at the start of the week, but an equity strategist from Legal & General Investment said it was an “isolated event” which will not significantly impact international markets.
Multinational financial services firm, Legal & General, is planning to restructure the company in a bid to improve the efficiency of the business.
Four providers have been removed from the list of companies offering protection products to Intrinsic’s restricted advisers.
A financial adviser who used to work for British multi-national firm Legal & General has been sent to prison for five years after stealing more than £465,000 from a dementia sufferer.
Peter Drummond has stepped down from his role as head of Oman Insurance after just 11 months and is to take on a new position as chief executive of Legal & General Gulf.
Canada Life Group is to purchase Legal & General International to complement its existing offshore businesses in both the Isle of Man and Dublin.
A pilot scheme for pensions guidance introduced by Legal & General saw only 2.5% of retirees take up the offer, but the firm has said there are lessons to be learnt from the pilot.
Legal & General achieved a record £3.9bn worth of annuity sales in the nine months to the end of September, bucking the overall downtrend in the market after the spring UK Budget pension reforms were announced.
Legal & General Investment Management (LGIM) has appointed a new head of retail distribution for Europe and the Middle East.
Legal & General Investment Management has announced the launch of a new multi-asset fund aimed at seeing clients to and through retirement.
Polar Capital has hired Guy Rushton to head up its new UK absolute return fund initiative.
