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L&G interim results show life and pensions up 30 per cent

Legal & General’s half year results show life and pensions sales are up by 30 per cent to £266m from £205m EPI on last year.

The life office also revealed its plans to establish more partnerships along the lines of its Barclays, Woolwich and Alliance & Leicester tie-ups.

Individual pension sales were up 15 per cent to £202m EPI to £175m EPI. Corporate pension business more than doubled to £64m from £30 last year. UK unit trust and Isa sales increased 7 per cent to £59m from £55m. Total UK new business figures were up 25 per cent to £325m from £260m.

IFAs accounted for 59 per cent of its business down from 60 per cent on the same period last year. Its fund management business has grown 2 per cent to £6bn from 5.8bn.

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