LGIM reports 5% rise in AUM

Legal & General Investment Management has reported a 5 per cent rise in assets under management compared with the full-year 2011 figure.

Assets under management have risen to £391bn in the first nine months of 2012, up from £271bn at the end of 2011.

Legal & General Group also reported low net inflows of £100m into its retail savings business during the third quarter, compared with £600m, a year earlier.

Nigel Wilson, Group Chief Executive, said: “The international expansion of LGIM is accelerating, with £5.6bn net inflows year-to-date from international clients.”

He adds: “Global economies are undergoing profound structural changes. We have the solutions to meet gaps emerging from public and private deleveraging and the ambition to strengthen further our reach in protection, retirement solutions, fund management and infrastructure finance.

“Our businesses can grow, delivering more value for society, customers and shareholders.”