REG - Legal & General Grp - L&G FY 2014 results part 2 <Origin Href="QuoteRef">LGEN.L</Origin> - Part 8

Legal & GeneralAnnouncement

04/03/2015 07:12

- Part 8: For the preceding part double click  ID:nRSD4568Gg 

                                                                                                                                                                                                       
 Gross inflows5                                                                                                                                                                                               2.8          0.4        0.7    0.4      0.1       (0.2)    4.2    1.2      0.4        
 Gross outflows                                                                                                                                                                                               (1.3)        (1.2)      (0.2)  (0.2)    (0.1)     0.2      (2.8)  (1.3)    -          
 Payments to pensioners                                                                                                                                                                                       -            -          -      -        -         -        -      -        (0.6)      
                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                    
 Net flows                                                                                                                                                                                                    1.5          (0.8)      0.5    0.2      -         -        1.4    (0.1)    (0.2)      
 Market and other                                                                                                                                                                                                                                                                                   
 movements                                                                                                                                                                                                    0.1          0.4        0.1    0.1      (0.1)     (0.1)    0.5    0.2      1.6        
                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                    
 At 30 September 2014                                                                                                                                                                                         69.0         35.5       10.1   7.5      4.4       (6.8)    119.7  20.7     39.9       
                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                    
 Gross inflows5                                                                                                                                                                                               2.5          0.3        0.8    0.3      0.1       (0.1)    3.9    1.3      2.6        
 Gross outflows                                                                                                                                                                                               (1.1)        (1.0)      (0.1)  (0.1)    (0.1)     0.1      (2.3)  (1.1)    -          
 Payments to pensioners                                                                                                                                                                                       -            -          -      -        -         -        -      -        (0.5)      
                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                    
 Net flows                                                                                                                                                                                                    1.4          (0.7)      0.7    0.2      -         -        1.6    0.2      2.1        
 Market and other                                                                                                                                                                                                                                                                                   
 movements                                                                                                                                                                                                    1.5          1.2        0.3    -        -         (0.1)    2.9    0.4      2.2        
                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                    
 At 31 December 2014                                                                                                                                                                                          71.9         36.0       11.1   7.7      4.4       (6.9)    124.2  21.3     44.2       
                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                    
 1. Platforms include Investor Portfolio Services (IPS) and Cofunds since acquisition.                                                                                                                                                
 2. Mature Retail Savings products include with-profits products, bonds and retail pensions.                                                                                                                                          
 3. Consolidation adjustment represents Suffolk Life and Mature Retail Savings assets included in the Platforms column.                                                                                       
 4. 2014 Retail Investments include £1.7bn (Q1 2014: £1.6bn; Q2 2014: £1.5bn; Q3 2014: £1.6bn) of LGIM unit trust assets held on our Cofunds platform and £3.2bn                                              
 (Q1 2014: £3.2bn; Q2 2014: £3.2bn; Q3 2014: £3.2bn) of LGIM unit trust assets held on our IPS platform.                                                                                                                   
 5. Platforms gross inflows include Cofunds institutional net flows. Total Platforms comprise £38.3bn (Q1 2014: £36.6bn; Q2 2014: £37.3bn; Q3 2014: £37.4bn) of                                               
 retail assets and £33.6bn (Q1 2014: £29.0bn; Q2 2014: £30.1bn; Q3 2014: £31.6bn) of assets held on behalf of institutional clients.                                                                          
 
 
Assets and premium flows                                                                                                   
                      61 
 
 3.04 Assets under administration quarterly progression (continued)                                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                    Consol-                             
                                                                                                                                                                                                                                                                                                               Mature                     Overseas  idation         Retail              
                                                                                                                                                                                                                                                                                                               Retail     Work-  Suffolk  LGAS      adjust-  Total  Invest-             
 For the year ended                                                                                                                                                                                                                                                                               Platforms1   Savings2   place  Life     Savings   ment3    LGAS   ments4   Annuities  
 31 December 2013                                                                                                                                                                                                                                                                                 £bn          £bn        £bn    £bn      £bn       £bn      £bn    £bn      £bn        
                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                        
 At 1 January 2013                                                                                                                                                                                                                                                                                8.6          36.2       6.0    5.1      4.5       (1.4)    59.0   18.6     32.2       
 Gross inflows                                                                                                                                                                                                                                                                                    0.2          0.4        0.5    0.2      0.1       -        1.4    0.7      0.8        
 Gross outflows                                                                                                                                                                                                                                                                                   (0.2)        (1.2)      (0.2)  (0.1)    (0.1)     0.1      (1.7)  (1.1)    -          
 Payments to pensioners                                                                                                                                                                                                                                                                           -            -          -      -        -         -        -      -        (0.4)      
                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                        
 Net flows                                                                                                                                                                                                                                                                                        -            (0.8)      0.3    0.1      -         0.1      (0.3)  (0.4)    0.4        
 Market and other                                                                                                                                                                                                                                                                                                                                                                       
 movements                                                                                                                                                                                                                                                                                        0.5          1.7        0.6    0.3      -         (0.1)    3.0    1.2      0.7        
                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                        
 At 31 March 2013                                                                                                                                                                                                                                                                                 9.1          37.1       6.9    5.5      4.5       (1.4)    61.7   19.4     33.3       
                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                        
 Gross inflows5                                                                                                                                                                                                                                                                                   1.7          0.4        0.5    0.3      -         -        2.9    1.1      0.6        
 Gross outflows