Asset Management

Legal & General gets creative with its surplus of £6.8bn

An ambitious plan for its surplus funds could drive the group's bottom line — even if it is not doing so yet

Paul Stanworth
Paul Stanworth Photo: company photograph

Two weeks ago, the man in charge of Legal & General’s in-house investment arm, Paul Stanworth, announced he was moving on. But not before sparking what L&G hopes will be a UK investment revolution.

Under group boss Nigel Wilson, the insurer has ploughed billions into what might be called socially beneficial investments, like housing and small business lending.

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