l and g intl sees offshore bond sales boost in q3
Offshore bond sales at Legal & General International were down 7% in the first nine months of this year compared with the same period last year, from £430m to £390m.
Offshore bond sales at Legal & General International were down 7% in the first nine months of this year compared with the same period last year, from £430m to £390m.
Legal & General Investment Management (LGIM) saw assets under management climb to £391bn in Q3 2012, up 5% on the full year 2011 figure of £371bn.
New business sales at Legal & General International were down 23% in the first half of this year, against a backdrop of falling sales of investment products more generally.
Legal & General Investment Management is reportedly in the final stages of opening an office in Hong Kong, its first in Asia.
Legal & General has launched two new structured products both based around the future performance of the FTSE 100 index.
Total new business sales of UK distributed offshore bonds in the first quarter of the year plummeted by 25% from the same period in 2011, as recession-weary investors held off buying the tax-efficient investment wrappers that have long been a mainstay of many advisers wealth management toolboxes.
Liz Walkington, a longtime member of Prudential Internationals marketing team, has been named high net worth proposition manager at Legal & General (Ireland), effective immediately.
Legal & General has appointed Nigel Wilson as its new group chief executive to succeed outgoing chief Tim Breedon.
Sales of offshore bonds at Legal & General International (Ireland) LGII reached record levels again last year, despite the ABI reporting a 7% drop in overall sales of offshore bonds in 2011.
Legal & General has launched the twelfth product in its series of structured deposit bonds, offering a minimum return of 8% at maturity.
Legal & General plans to begin marketing funds from its UK-based investment business in Asia, L&G chief executive Tim Breedon has revealed, and is considering Hong Kong for its base.
The number of advisers who say they are recommending offshore bonds to their clients has leapt 70% from 30 months ago, research conducted on behalf of Legal & General International (Ireland) reveals.