L&G Struggles to Convince Clients They Need Protection ; Financial Services

Birmingham Post › October 27, 2007

Linked as:

Summary

Legal & General, which has a large operation in Birmingham, reported an eight per cent dip in nine-month new business, dented by slower sales of its high-margin protection and annuity products and a drop in volatile retail investments.

Britain's third-largest insurer yesterday said the UK market looked "more challenging" going into the fourth quarter, but the group still expected to outperform the UK market in 2008, thanks to a distribution deal with building society Nationwide.

See the full content of this document

Extract

L&G Struggles to Convince Clients They Need Protection ; Financial Services

L&G's headline worldwide sales fell to pounds 1.19 billion in the nine months, just below a consensus forecast of pounds 1.21 billion, but with...

See the full content of this document