Legal & General Group is to sell its closed mature savings business to the ReAssure division of Swiss Re for £650m, including its £21.4bn with-profits fund.
The insurer said the business being sold was largely made up of retail customers who hold traditional insurance-based pensions, savings and investment products. Its assets at H1 2017 of £33bn include...
Joined with 21 Partners
Consequences could be more severe than in stress tests
Move to variable operating expenses
Set to happen on 4 April