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L&G shrugs off Brexit effect

The chief executive of Legal & General hailed the near-£100 billion growth in assets under management at its funds arm in the first six months of 2016 as an “incredible result”, as the UK insurer said its opportunities “remain largely unchanged” despite the Brexit vote.

L&G shrugs off Brexit effect
Photo: iStockPhoto

The chief executive of Legal & General hailed the near-£100 billion growth in assets under management at its funds arm in the first six months of 2016 as an “incredible result”, as the UK insurer said its opportunities “remain largely unchanged” despite the Brexit vote.

Assets at Legal & General Investment Management surged to £841.5 billion by June 30, up 18% from the £714.6 billion year-ago level and up 13% from their £746.1 million level at the end of 2015, according to its interim results published on August 9.

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