L&G posts 10% rise in profits; LGIM unveils 18% rise in DC assets

Jonathan Stapleton
clock • 2 min read

Legal & General (L&G) has published its 2018 results, revealing a 10% rise in operating profits driven by strong growth in both its retirement and defined contribution (DC) businesses.

The financial services firm said operating profits had risen from £1.7bn in the year to 31 December 2017 to £1.9bn in 2018, but noted profits after tax had fallen by 3% to £1.8bn, largely due to on...

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