Legal & General is focusing on new areas including lifetime mortgages and equity release in the face of falling individual annuity sales following the pension reforms.
Annuity sales in L&G's retirement arm dropped following the government's pension freedoms which no longer require pensioners to buy an annuity. Individual annuity sales were £99m, down 60% from £244m the...
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Also introducing administration fee
Case opened on 13 November
Seeking assets with social and environmental impact