Expertise
We move and adapt with economic, demographic and market changes, and are positioned to grow in a growing market.
Kate Avery
Group Executive Director (Wealth Management)
Record LGIM Funds under Management
2006 saw record new business for Legal & General Investment Management (LGIM) with gross new inflows of £20.7bn, an increase of 21% over 2005. New business inflows continue to be dominated by flows from corporate pension schemes, which accounted for £18.5bn. New business from charities and other institutions enjoyed another excellent year with inflows of £2bn.
Existing clients contributed £10.4bn (2005: £8.8bn) of the total.
Growth in new business combined
with excellent client retention levels and strong markets drove funds under management up to £233bn – up 14% from the start of the year.
Chelsea Financial Services
“One of our biggest growth sectors this year was unit linked bonds. We recommend Legal & General’s Portfolio Bond because it offers our customers a large choice of external funds backed by Legal & General’s brand, which stands for value for money and great service.”
Matthew Woodbridge,
Bond Manager at Chelsea
Financial Services
£11bn
of clients' assets under administration
New investment model for
the 21st century
Cofunds has over £11bn of clients’ assets under administration and is currently the biggest platform provider in the UK market on this basis. Cofunds customers now have access to Legal & General life products, and to one of the widest choices of investment managers’ funds. IFAs now have both on platform and off platform ways of trading with their clients.
Legal & General’s Tied sales force, circa 350 wealth advisors, have adopted a version of Cofunds Platform Technology through the deployment of the ‘Investor Portfolio Service’ from October 2006 in their Wealth advice branch network.