65 billion, though it grew 6% year-on-year. 2 billion share buyback programme, comprising £1 billion from the sale of its US Protection business and £200 million from its recurring annual distribution policy. 2 trillion in global assets under management.
The company's workplace DC pension schemes saw assets under administration jump 21% to £114 billion. 9 pence. 79 pence.
The company remains confident in delivering its asset management profit target of £500 million to £600 million by 2028. Richard Hunter, head of markets at Interactive Investor, said there is little doubt as to the longer-term potential for the savings and investment market, especially given ageing demographics and likely welfare reform, while the growing demand for retirement income is another tantalising string in the group’s bow. Antonio Simoes, chief executive of Legal & General, stated as a sharper, more focused business, we are well-positioned to capitalise on the structural, growing demand for long-term investments and retirement income.
He added we are on track to achieve the financial targets set out in our strategy. 4 per cent is at a heady level, paying investors handsomely to wait as the strategy unfolds.