Legal & General has said it is preparing to launch its RDR proposition on 19 November as it announces interim results for the first nine months of the year.
L&G said the retail savings market "remained challenging" and it had reduced volumes of structured products due to falling profitability. However, it added: "We have delivered on our strategy of securing access to the mass market through the building society sector. "We remain on track to commence the launch of our RDR proposition on 19 November." The firm said the scale of Legal & General's Investor Portfolio Service (IPS) platform continues to increase, with assets under administration reaching £8.1bn. Net flows at L&G Investment Management rose 5% year-on-year in Q3 to £618m,...
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