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Insurance and pensions group Legal & General (L&G) racked up record annuity sales despite British government changes that have relaxed obligations on people to buy annuities to save for their retirement. L&G said its retirement arm completed £3.9bn of annuity sales in the nine months to September, o
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LONDON, Nov 4 (Reuters) - British life insurance and pensions group Legal & General saw a rise in net cash generation in the first nine months of 2014, helped by sales of bulk annuities. Net cash generation was up 12 percent to 827 million pounds($1.32 billion), compared with 740 million po
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National Express seems to be on a firm footing, with a sound base from which to expand into new territories. Nevertheless, the company's chief executive, Mr. Finch, has experienced some setbacks of late. His outfit wasn't picked for Crossrail and he decided not to compete on TransPennine or Northern
Read moreLONDON, Oct 30 (Reuters) - Legal & General said on Thursday it was cutting fees by up to 55 percent for its retail index funds from Nov 1. The biggest reduction was in its international index fund, while its UK 100 index fund would see a 44 pecent fee reduction, L&G said in a statement.
Read more(Corrects time period of net inflows to nine months) By Carolyn Cohn LONDON, Oct 29 (Reuters) - Insurer Standard Life reported strong net inflows in the first nine months but said that changes in British pension rules cut sales of key products and made the outlook uncertain. Th
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