Tips & Ideas 

Legal & General reborn

Legal & General has worked hard in the first half to generate cash, delivering £358m of a £600m target for the full year. Growth in annuity sales and savings helped to boost operating profits a third to £542m on an IFRS basis, while worldwide new business rose 18 per cent to £881m on an annual premium equivalent basis. What's more the level of cash held in excess of regulatory capital requirements rose from £1.9bn a year earlier to £3.3bn.

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