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LONDON, Nov 4 (Reuters) - British life insurance andpensions group Legal & General saw a rise in net cashgeneration in the first nine months of 2014, helped by sales ofbulk annuities.
Net cash generation was up 12 percent to 827 millionpounds($1.32 billion), compared with 740 million pounds a yearearlier, the firm said in a trading statement on Tuesday.
Assets under management rose 14 percent from a year ago to676 billion pounds.
"Our immediate pipeline gives us high confidence in writingaround 8 billion pounds in total annuity transactionsfor the full year, double our total annuity premium for 2013,"L&G said.
(1 US dollar = 0.6253 British pound) (Reporting by Carolyn Cohn; editing by Clare Hutchison)
