Legal & General (L&G) enjoyed a record quarter for bulk annuity business at the beginning of 2014, writing more than £3bn in new business according to the firm's quarterly results.
This was up from £199m in the previous quarter and £347m in the first quarter of 2013. A £3bn buy-in completed by the ICI Pension Fund (PP Online, 26 March) was responsible for almost all of the ne...
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