L&G Investment Management saw external net inflows jump 161 per cent for the year to date, from £8.3bn last year to £21.7bn at the end of September.
LGIM saw total assets under administration increase by 8 per cent from £662.1bn to £717bn.
The asset manager continued to see demand for its liability driven investment and multi asset strategies, with the solutions business assets increasing 18 per cent to £322.3bn. The division saw external net inflows of £17.1bn, a drop from £18bn in the same quarter last year.
The property business at LGIM also saw strong inflows, with £600m of external inflows for the quarter, up from £500m in the same period last year. Assets under management at the division increased 26 per cent to £16.6bn in the quarter.
Legal & General has also promised to improve Cofunds’ systems as part of a strategic review.
In its interim results, published today, the company says it will “focus on improving operational efficiency in Cofunds” as it carries out a review of its digital savings business.
Total assets under administration on the platform are up 6 per cent to £73.1bn, compared to £69bn at the same time last year.
But net flows for the year to date are down 35 per cent, from £4bn last year to £2.6bn.