REG - Legal & General Grp - L&G FY 2014 results part 2 <Origin Href="QuoteRef">LGEN.L</Origin> - Part 7

Legal & GeneralAnnouncement

04/03/2015 07:12

- Part 7: For the preceding part double click  ID:nRSD4568Gf 

                                   8.5     7.2     12.3     (0.1)     0.1       28.0    5.3      0.9       34.2    
                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                        
 At 31 December 2014                                                                                                                                                    274.8   103.8   98.7     13.6      8.2       499.1   194.6    14.8      708.5   
                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                        
 1. Solutions includes liability driven investments and multi-asset funds.                                                                                                              
 2. Overlay assets comprise derivative notionals associated with Solutions business.                                                                                 
 3. External net flows exclude movements in overlay assets which have a short maturity period as determined by client agreements and are subject to a higher degree  
 of variability. The total value of these assets at 31 December 2014 is £46.5bn (Q1 2014: £33.8bn; Q2 2014: £33.3bn; Q3 2014: £41.2bn), and the                      
 movement in these assets is included in market and other movements for overlay assets.                                                                              
 4. Cash management movements include external holdings in money market funds and other cash mandates held for clients' liquidity management purposes.               
 
 
 Assets and premium flows                                                                                                                          58 3.02 Legal & General investment management assets quarterly progression (continued)  
                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                       Active                                                        
                                                                                                                                                                                                                                                Index  fixed   Solu-              Active    Total   Overlay  Total   
 For the year ended                                                                                                                                                                                                                             funds  income  tions1   Property  equities  AUM     assets2  assets  
 31 December 2013                                                                                                                                                                                                                               £bn    £bn     £bn      £bn       £bn       £bn     £bn      £bn     
                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                     
 At 1 January 2013                                                                                                                                                                                                                              243.2  82.2    64.0     8.9       7.7       406.0   136.7    542.7   
 External inflows                                                                                                                                                                                                                               11.0   1.3     1.1      0.1       -         13.5             13.5    
 External outflows                                                                                                                                                                                                                              (7.1)  (0.5)   (1.1)    -         (0.1)     (8.8)            (8.8)   
 Overlay net flows                                                                                                                                                                                                                              -      -       -        -         -         -       2.5      2.5     
                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                     
 External net flows3                                                                                                                                                                                                                            3.9    0.8     -        0.1       (0.1)     4.7     2.5      7.2     
 Internal net flows                                                                                                                                                                                                                             0.1    (0.7)   0.1      -         -         (0.5)   -        (0.5)   
                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                     
 Total net flows                                                                                                                                                                                                                                4.0    0.1     0.1      0.1       (0.1)     4.2     2.5      6.7     
 Cash management movements5                                                                                                                                                                                                                     -      0.5     -        -         -         0.5     -        0.5     
 Market and other movements3                                                                                                                                                                                                                    20.1   2.0     7.3      0.3       0.8       30.5    3.8      34.3    
                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                     
 At 31 March 2013                                                                                                                                                                                                                               267.3  84.8    71.4     9.3       8.4       441.2   143.0    584.2   
                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                     
 External inflows                                                                                                                                                                                                                               6.2    1.0     4.6      0.2       -         12.0             12.0    
 External outflows                                                                                                                                                                                                                              (7.9)  (0.7)   (0.7)    (0.1)     (0.3)     (9.7)            (9.7)   
 Overlay net flows                                                                                                                                                                                                                              -      -       -        -         -         -       3.2      3.2     
                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                     
 External net flows3                                                                                                                                                                                                                            (1.7)  0.3     3.9      0.1       (0.3)     2.3     3.2      5.5     
 Internal net flows                                                                                                                                                                                                                             0.4    (0.8)   0.6      -         -         0.2     -        0.2     
                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                     
 Total net flows                                                                                                                                                                                                                                (1.3)  (0.5)   4.5      0.1       (0.3)     2.5     3.2      5.7     
 Cash management movements5                                                                                                                                                                                                                     -      0.5     -        -         -         0.5     -        0.5     
 Market and other movements3                                                                                                                                                                                                                    (3.9)  (1.9)   (5.0)    -         (0.4)     (11.2)  (0.5)    (11.7)  
                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                     
 At 30 June 2013                                                                                                                                                                                                                                262.1  82.9    70.9     9.4       7.7       433.0   145.7    578.7   
                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                     
 External inflows4                                                                                                                                                                                                                              8.0    4.4     2.2      0.4       0.1       15.1             15.1    
 External outflows                                                                                                                                                                                                                              (8.3)  (0.6)   (1.7)    (0.1)     -         (10.7)           (10.7)  
 Overlay net flows                                                                                                                                                                                                                              -      -       -        -         -         -       3.3      3.3     
                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                     
 External net flows3                                                                                                                                                                                                                            (0.3)  3.8     0.5      0.3       0.1       4.4     3.3      7.7     
 Internal net flows                                                                                                                                                                                                                             -      0.6     -        0.1       (0.1)     0.6     -        0.6     
                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                     
 Total net flows