RE: Hoping to see the sp hitting @ 280p+23 Aug 2023 09:33
LGRI generates around 40pc of group first-half operating profit and looks well set, since management expects UK pension risk transfer (PRT) and annuity volumes to come in between £8bn and £12bn in 2023, compared to £8.3bn in 2022 and £7.2bn in 2021.
However, the market preferred to focus on the potential downside of higher interest rates, namely a 10pc, or £132bn, drop in assets under management.