Legal & General to outline strategy for double digit profit growth

Legal & General is set to outline a new strategy later today to reach profit growth of between 8% to 10% a year.

The medium-term plan will be presented to investors and analysts at 2pm, and will focus on how Legal & General Investment Management can cash in on the estimated $80trn (£61trn) in untapped market for asset management globally.

The firm says LGIM’s future growth will be achieved through “sustained focus on addressing the savings gap” through its defined contribution, retail, and personal investing businesses, the “continued broadening of investment capabilities to meet clients’ needs” and expanding its core strength more internationally.

No further details of the plan were revealed in the stock exchange announcement this morning.

Group chief executive Nigel Wilson says: “Legal & General is stronger for having a market leading asset manager as part of our group… [we have] developed a broad franchise of growth businesses, a strong and deep leadership team and a high performing investment capability built for the markets of tomorrow.”

Recommended

5

Aegon apologises to advisers over Cofunds replatforming

Aegon has issued an apology to advisers in response to problems with the Cofunds replatforming. The firm is also increasing headcount in its operations team by redeploying 200 employees to help deal with any further issues. Advisers using the Aegon platform have reported numerous problems with it since it was integrated with the Cofunds business […]

Chris-Curry-700x450.png
2

Chris Curry: State pension knowledge too low for informed decisions

A lot of recent work in the pensions world has been aimed at helping individuals engage with retirement saving: to better understand what they have already, how much they might need and what they will have to save to reach their target levels. The pensions dashboard project and the Pensions and Lifetime Savings Association’s work […]

1

How to keep the FCA happy on outsourcing arrangements

While advice firms can outsource activities, they cannot outsource their responsibilities Advice firms are busier than ever, leading an increasing amount to turn to third parties to undertake activities that would have once been dealt with in-house. Outsourcing can provide a solution for those under pressure to deliver on long-term objectives, while juggling the day […]

Focusing on money - Magnifying glass over British pound notes.
1

Advisers post charges on review site in transparency push

Advisers are publishing their fees on review website VouchedFor in an effort to be more transparent. Research by VouchedFor for the Sunday Times shows 423 advisers, representing 263 firms, have published their charges on the site. VouchedFor, the review site for financial and mortgage advisers, solicitors and acountants, does not publish adviser charges on their […]

European Opportunities: 'It’s nice when stock selection results in a macro tailwind'

Amid significant macro headwinds in August, Mark Page explains why his fund’s focus on stock selection has helped it outperform a falling market in August. BESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswy

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com