Insurance giant, Legal and General has released figures showing new business to the firm has increased by 9% for the same quarter period lasy year (July to Sep). New premium income for the quarter rose from £186m to £203m.
Our View
L&G have been very successful in negotiating link ups with organisations such as Barclays, Northern Rock and others. In simple terms, these organisations are tied to L&G and generally only sell their life insurance and investment products. Great for L&G and its shareholders - not so good for consumer choice.
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