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...On the same day, L&G chief executive Sir Nigel Wilson decried the “perpetual drift” of companies away from London’s stock market, attributing it in part to a decline in equity holdings among pension funds...
...Simões, who joined the business from Santander, replaced Sir Nigel Wilson, L&G’s chief of more than a decade....
...L&G declined to comment....
...Additional reporting by Peter Campbell and Claire Jones Letter in response to this article: Baltimore disaster must address totality of risks / From Richard G Little, Visiting Research Scholar Industrial...
...L&G said that it had written £13.4bn of pension transfer business globally so far this year....
...Currently, the building has an energy rating of E, in an official range where A+ is best and G is worst. It did not disclose the terms of the deal....
...L&G’s retail business was also “bolstered” by rising individual annuity sales....
...Alloysious Massaquoi, Kayus Bankole and Graham “G” Hastings have defined themselves as a “Liberian/Nigerian/Scottish psychedelic hip-hop electro boy band” and it was clear from this visceral, thrilling London...
...“We are expecting a similar number of large transactions to close in the second half of the year,” L&G said....
...When asset managers could barely open their mouths without uttering the letters E, S and G — investment with environmental, social or governance aims — this sector often got the cold shoulder....
...L&G’s shares fell more than 2 per cent following the news, against a broadly flat FTSE 100 index....
...Like bigger peers such as L&G, Just has a record pipeline of such deals in what is expected to be a record year for the market....
...piracy in the Red Sea is so disorienting / From Richard G Little, Visiting Research Scholar Industrial and Systems Engineering, Rensselaer Polytechnic Institute, Troy, NY, US...
...L&G’s latest Rebuilding Britain Index has found that attempts to “level up” UK regions are failing or stalling and that, in many cases, inequalities have widened....
...The L&G chief described the UK as a “low-productivity, low-growth, low-wage economy fraught by political infighting and that has to change.”...
...L&G, in a report last week, estimated its profits had been trimmed by £10mn after clients sold out of certain other funds to meet collateral calls....
...Graphic illustration by Ian Bott Letters in response to this article: In climate crisis, discretion is better part of valour / From Richard G Little, Visiting Research Scholar, Disaster Mitigation — Industrial...
...Wednesday’s outcome looked very different when Ding followed up an insipid queen’s pawn opening with a bishop for knight exchange which opened the g file for the Russian rooks....
...But Nepomniachtchi took with the g7 pawn, then castled long and suddenly had a powerful attack down the newly opened g file against Ding’s king....
...Sir Nigel Wilson, L&G’s chief executive, said the speed of the bond sell-off had “caught us all by surprise”....
...The insurers in the stress test were not named in Monday’s letter, but the life-insurance units of groups including Aviva and L&G had been invited to participate last year....
...L&G is one of the UK’s biggest providers of LDI products....
...L&G took on £4.4bn in new bulk annuity premiums in the first six months of the year, including its largest ever US transaction, compared with £3.1bn in the first half of last year....
...L&G said the “extreme volatility . . . has highlighted the need for technical changes to ensure the smooth functioning of both LDI and the government’s financing of its debts”, with clients increasing and...
...“It’s difficult to see from the outside what M&G stands for.”...
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