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L&G considers offloading investment arm, say reports

Legal & General is considering a sale of all or part of its asset management arm, according to reports.

According to a report in the Daily Mail this weekend, L&G chief executive Tim Breedon may look to offload Legal & General Investment Management which totals around £260bn to bolster capital for the group.

It follows the news at the end of last month from L&G that is was making 200 job cuts within its UK risk division after a swath of other redundancies made earlier this year.

Legal & General refused to comment on its plans for LGIM.


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Key themes for 2017

Capital Market Notes, December 2016 Dave Lafferty, chief market strategist at Natixis Global Asset Management, assesses the accuracy of his 2016 outlook and provides his thoughts and outlook for 2017. Click here to read the full article


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