Deal is latest example of European insurance and pension groups tapping fast-growing asset class
FTSE 100 group wants to make international assets 50% of investment business by 2028
Move comes amid FTSE 100 company’s wider restructuring in push to acquire more private assets
Deal with Proprium follows strategic review by L&G chief António Simões
Japan’s Meiji Yasuda to also acquire 5% stake in UK insurer
Insurance company attempts to cut costs and boost returns after restructure
UK’s largest fund manager chooses US executive Eric Adler of Prudential Financial to take charge
State-backed scheme joins forces with insurer L&G and Dutch fund manager PGGM to build and manage rental properties
Deal forms part of financial group’s plan to slim down and focus on its main operations
LGIM’s ETFs bled €2.7bn over first five months of 2024
António Simões plans to combine divisions and put group’s housebuilding business up for sale
Persimmon’s reported interest in Cala Group, an L&G arm, could make sense for all involved
Poor performance of ‘safer’ assets prompts a rethink
António Simões says FTSE 100 insurer is carrying out ‘thorough’ review of all its business units
António Simões takes helm of insurance group in need of next long-term growth driver after corporate pension deal frenzy
Tech and financials favoured by UK investors — along with the odd bargain stock
Deal could pave way for sale of pharmacy chain and comes on same day as £4bn Co-op agreement
I want to put more of my disposable income to work in the stock market
Savers opt for income security as markets fluctuate
Shareholder returns have beaten broader UK life sector by half — yet stock remains unloved
Sir Nigel Wilson’s comments come as insurer’s interim results show mixed effects of rising interest rates
Sir Nigel Wilson, who will leave the insurance group this year, is not ruling out a ‘political job’
But capital is tied up for a long time and profits are spread well into the future
Santander banker to take over from Sir Nigel Wilson at FTSE 100 company
Britain’s biggest asset manager buys $250mn of bonds in a sign of growing investor interest in debt-for-nature swaps
