REG - Legal & General Grp - L&G Half-year results 2015 Part 2 <Origin Href="QuoteRef">LGEN.L</Origin> - Part 10
05/08/2015 07:02
- Part 10: For the preceding part double click ID:nRSE1056Vi
At 30 June 2015 74.6 8.3 34.8 (6.9) 110.8 4.2 13.1 22.5 43.4
Digital LGIM
Consol- France
Mature idation and Retail
Suffolk Retail adjust- Total Nethe- Work- Invest-
For the six months Platforms Life Savings2 ment4 Savings rlands place ments5 Annuities
ended 30 June 2014 £bn £bn £bn £bn £bn £bn £bn £bn £bn
As at 1 January 2014 64.1 6.6 36.3 (6.8) 100.2 4.5 8.7 20.5 34.4
Gross inflows1 4.8 0.6 0.7 (0.2) 5.9 0.2 1.3 1.9 3.5
Gross outflows (2.3) (0.2) (2.2) 0.4 (4.3) (0.2) (0.3) (2.4) -
Payments to pensioners - - - - - - - - (1.0)
Net flows 2.5 0.4 (1.5) 0.2 1.6 - 1.0 (0.5) 2.5
Market and other
movements 0.8 0.2 1.1 (0.1) 2.0 - (0.2) 0.6 1.6
At 30 June 2014 67.4 7.2 35.9 (6.7) 103.8 4.5 9.5 20.6 38.5
Digital LGIM
Consol- France
Mature idation and Retail
Suffolk Retail adjust- Total Nethe- Work- Invest-
For the year ended Platforms Life Savings2 ment4 Savings rlands place ments5 Annuities
ended 31 December 2014 £bn £bn £bn £bn £bn £bn £bn £bn £bn
At 1 January 2014 64.1 6.6 36.3 (6.8) 100.2 4.5 8.7 20.5 34.4
Gross inflows1 10.1 1.3 1.4 (0.5) 12.3 0.4 2.8 4.4 6.5
Gross outflows (4.7) (0.5) (4.4) 0.7 (8.9) (0.4) (0.6) (4.8) -
Payments to pensioners - - - - - - - - (2.1)
Net flows 5.4 0.8 (3.0) 0.2 3.4 - 2.2 (0.4) 4.4
Market and other
movements 2.4 0.3 2.7 (0.3) 5.1 (0.1) 0.2 1.2 5.4
At 31 December 2014 71.9 7.7 36.0 (6.9) 108.7 4.4 11.1 21.3 44.2
1. Platforms gross inflows include Cofunds institutional net flows. Total H1 15 Platforms comprise £37.9bn (H1 14: £37.3bn; FY 14: £38.3bn) of retail assets and £36.7bn (H1 14: £30.1bn; FY 14: £33.6bn) of assets held on behalf of institutional clients.
2. Mature Retail Savings products include with-profits products, bonds and retail pensions.
3. Total AUA at 30 June 2015 includes £2.8bn of assets relating to Legal & General International (Ireland) Limited, which was sold to Canada Life Group on 1 July 2015.
4. Consolidation adjustment represents Suffolk Life and Mature Retail Savings assets included in the Platforms column.
5. H1 15 Retail Investments include £1.8bn (H1 14: £1.5bn; FY 14: £1.7bn) of LGIM unit trust assets held on our Cofunds platform and £3.3bn (H1 14: £3.2bn; FY 14: £3.2bn) of LGIM unit trust assets held on our IPS platform.
Asset and premium flows
67
3.05 Assets under administration quarterly progression
Digital LGIM
Consol- France
Mature idation and Retail
Suffolk Retail adjust- Total Nethe- Work- Invest-
For the six months Platforms Life Savings2,3 ment4 Savings rlands place ments5 Annuities
ended 30 June 2015 £bn £bn £bn £bn £bn £bn £bn £bn £bn
At 1 January 2015 71.9 7.7 36.0 (6.9) 108.7 4.4 11.1 21.3 44.2
Gross inflows1 1.9 0.3 0.3 - 2.5 0.1 0.6 1.5 0.7
Gross outflows (1.2) (0.1) (0.9) 0.2 (2.0) (0.1) (0.1) (1.6) -
Payments to pensioners - - - - - - - - (0.5)
Net flows 0.7 0.2 (0.6) 0.2 0.5 - 0.5 (0.1) 0.2
Market and other
movements 3.4 0.3 0.7 (0.4) 4.0 (0.1) 1.4 1.2 1.2
At 31 March 2015 76.0 8.2 36.1 (7.1) 113.2 4.3 13.0 22.4 45.6
Gross inflows1 1.9 0.3 0.4 (0.2) 2.4 0.1 0.6 1.5 0.3
Gross outflows (1.5) (0.2) (1.3) 0.2 (2.8) (0.1) (0.2) (1.4) -
Payments to pensioners - - - - - - - - (0.6)
Net flows 0.4 0.1 (0.9) - (0.4) - 0.4 0.1 (0.3)
Market and other
movements (1.8) - (0.4) 0.2 (2.0) (0.1) (0.3) - (1.9)
At 30 June 2015 74.6 8.3 34.8 (6.9) 110.8 4.2 13.1 22.5 43.4
1. Platforms gross inflows include Cofunds institutional net flows. Total H1 15 Platforms comprise £37.9bn (Q1 15: £38.8bn) of retail assets and £36.7bn (Q1 15: £37.2bn) of assets held on behalf of institutional clients.
2. Mature Retail Savings products include with-profits products, bonds and retail pensions.
3. Total AUA at 30 June 2015 includes £2.8bn of assets relating to Legal & General International (Ireland) Limited, which was sold to Canada Life Group on 1 July 2015.
4. Consolidation adjustment represents Suffolk Life and Mature Retail Savings assets included in the Platforms column.
5. At 30 June 2015 Retail Investments include £1.8bn (Q1 15: £1.8bn) of LGIM unit trust assets held on our Cofunds platform and £3.3bn (Q1 15: £3.4bn) of LGIM unit trust assets held on our IPS platform.
Asset and premium flows
68
3.05 Assets under administration quarterly progression (continued)
Digital LGIM
Consol- France
Mature idation and Retail
Suffolk Retail adjust- Total Nether- Work- Invest-
For the year ended Platforms Life Savings2 ment3 Savings lands place ments4 Annuities
31 December 2014 £bn £bn £bn £bn £bn £bn £bn £bn £bn
At 1 January 2014 64.1 6.6 36.3 (6.8) 100.2 4.5 8.7 20.5 34.4
Gross inflows1 2.6 0.3 0.4 (0.1) 3.2 0.1 0.7 1.0 3.3
Gross outflows (1.1) (0.1) (1.1) 0.2 (2.1) (0.1) (0.2) (0.9) -
Payments to pensioners - - - - - - - - (0.5)
Net flows 1.5 0.2 (0.7) 0.1 1.1 - 0.5 0.1 2.8
Market and other
movements - 0.1 0.5 (0.1) 0.5 (0.1) (0.1) 0.2 1.1
At 31 March 2014 65.6 6.9 36.1 (6.8) 101.8 4.4 9.1 20.8 38.3
Gross inflows1 2.2 0.3 0.3 (0.1) 2.7 0.1 0.6 0.9 0.2
Gross outflows (1.2) (0.1) (1.1) 0.2 (2.2) (0.1) (0.1) (1.5) -
Payments to pensioners - - - - - - - - (0.5)
Net flows 1.0 0.2 (0.8) 0.1 0.5 - 0.5 (0.6) (0.3)
Market and other
movements 0.8 0.1 0.6 - 1.5 0.1 (0.1) 0.4 0.5
At 30 June 2014 67.4 7.2 35.9 (6.7) 103.8 4.5 9.5 20.6 38.5
Gross inflows1 2.8 0.4 0.4 (0.2) 3.4 0.1 0.7 1.2 0.4
Gross outflows (1.3) (0.2) (1.2) 0.2 (2.5) (0.1) (0.2) (1.3) -
Payments to pensioners - - - - - - - - (0.6)
Net flows 1.5 0.2 (0.8) - 0.9 - 0.5 (0.1) (0.2)
Market and other
movements 0.1 0.1 0.4 (0.1) 0.5 (0.1) 0.1 0.2 1.6
At 30 September 2014 69.0 7.5 35.5 (6.8) 105.2 4.4 10.1 20.7 39.9
Gross inflows1 2.5 0.3 0.3 (0.1) 3.0 0.1 0.8 1.3 2.6
Gross outflows (1.1) (0.1) (1.0) 0.1 (2.1) (0.1) (0.1) (1.1) -
Payments to pensioners - - - - - - - - (0.5)
Net flows 1.4 0.2 (0.7) - 0.9 - 0.7 0.2 2.1
Market and other
movements 1.5 - 1.2 (0.1) 2.6 - 0.3 0.4 2.2
At 31 December 2014 71.9 7.7 36.0 (6.9) 108.7 4.4 11.1 21.3 44.2
1. Platforms gross inflows include Cofunds institutional net flows. At 31 December 2014 Platforms comprise £38.3bn (Q1 14 £36.6bn; H1 14: £37.3bn; Q3 14: £37.4bn) of retail assets and £33.6bn (Q1 14: £29.0bn; H1 14: £30.1bn; Q3 14: £31.6bn) of assets held on behalf of institutional clients.
2. Mature Retail Savings products include with-profits products, bonds and retail pensions.
3. Consolidation adjustment represents Suffolk Life and Retail Savings assets included in the Platforms column.
4. At 31 December 2014 Retail Investments include £1.7bn (Q1 14: £1.6bn; H1 14: £1.5bn; Q3 14: £1.6bn) of LGIM unit trust assets held on our Cofunds platform and £3.2bn (Q1 14: £3.2bn; H1 14: £3.2bn; Q3 14: £3.2bn) of LGIM unit trust assets held on our IPS platform.
Asset and premium flows
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