LGIM sees £14bn of inflows in 2015

LGIM sees £14bn of inflows in 2015

Legal & General Investment Management saw net intermediary inflows of £14bn over the course of 2015, down on the £19bn reported in 2014.

The insurer’s investment arm added in £1.2bn in the final quarter, a slight slump on the figures from each of the previous three.

Net inflows from external retail and institutional clients was £33.1bn over 2015, while overall the figure dropped to £29bn as Legal & General redeemed £2.1bn of investments with its subsidiary.

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Assets under management at the firm rose to £757bn from £709bn which included £19bn of positive market movements.

In 2015 it took in a net £3.9bn, £4.4bn and £4.1bn respectively in the first three quarters of 2015 compared to the £1.2bn seen in the last three months.

Overall operating profit at the subsidiary rose to £355m over the year, up from £321m in 2014.