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...XTX, one of the world’s biggest proprietary trading and market-making groups, had sought to use Aviva Investors’ and L&G Investment Management’s money-market funds to invest some of its own cash....
...Mariz added that there was a “limited pool of money” from investors willing to give up financial returns in exchange for a nature-based return....
...Simões, who joined the business from Santander, replaced Sir Nigel Wilson, L&G’s chief of more than a decade....
...Z.d.G....
...“It’s a market that at some point will run out,” said Citi’s Baker. “As that whole market matures . . . does [L&G] just become a run-off company?...
...L&G sells these to defined benefit pension schemes, capping their risks. A record £25bn have already occurred this year. L&G expects to transact about £11bn itself....
...The company’s Ageing Population and Healthcare Innovation ETFs have also fallen out of favour, alongside the L&G Cyber Security Ucits ETF....
...In the second half, L&G has completed another £1.8bn and agreed a similar amount of deals in the US since the end of June....
...L&G dominates bulk UK annuities market with about a quarter of the market. Specialists Pensions Insurance Corporation and Rothesay have a fifth each....
...L&G said that it had written £13.4bn of pension transfer business globally so far this year....
...Its share price and that of bigger rival L&G have snaked sideways for more than a year. Just trades at a 60 per cent discount to book value. Its life insurance peers are closer to parity....
...A serial non-executive director at Tesco and formerly at L&G and the foreign office, Platt joins the new chief executive officer Dan Olley as he attempts to turn the fortunes of Britain’s largest funds supermarket...
...“Higher interest rates are benefiting L&G’s large pension business, and Aviva’s ongoing transformation is reaping rewards,” she said, noting its diversification into wealth management....
...Better to compare the two-year fix with a two-year savings account paying a heftier 4.9 per cent....
...“We are expecting a similar number of large transactions to close in the second half of the year,” L&G said....
...“Previously, older borrowers may have used [mortgages] for home improvement, travel or to help a younger family member get on the property ladder,” said David Hollingworth, associate director at L&C, a mortgage...
...This summer, L’Oréal’s venture capital arm Bold invested in the start-up Debut, which specialises in “cell-free” ingredient manufacturing, leading a $34mn series-B round of funding....
...A spluttering economy raises concerns over credit quality across L&G’s huge bond portfolio....
...“F.E.E.L.I.N.G.C.A.L.L.E.D.L.O.V.E” and “Sorted for E’s & Wizz” were ticked off like rites of passage from someone moving from Sheffield outsider to Britpop in-crowd....
...But a number of brands have addressed this problem cleverly, such as The Nue Co Topical-C, which uses the most stable form of vitamin C, L-ascorbic acid, in a powder form, and in an opaque bottle that’s...
...Ulla Johnson cotton Freda embroidered shorts, £342, net-a-porter.com Dior raffia C’est Dior small bag, £2,500 Lorenza Bozzoli Couture wood and velvet Couture Geometric Stripe ottoman, £1,507, frankbros.com...
...L&G: Shares in the UK-based insurer slipped 4 per cent despite strong annuity sales after it posted a first-half operating profit of £941mn, down 2 per cent year on year....
...L&G’s shares fell more than 2 per cent following the news, against a broadly flat FTSE 100 index....
...L&G is a big investor in property, including to back its pension liabilities. As of the end of 2022, it had £9.4bn invested in the sector, including £4bn in offices....
...“We had a lot of good news in recent months, helped by falls in inflation,” said David Hollingworth, associate director at broker L&C Mortgages....
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