L&G abolishes quarterly reporting from 2016

Follows calls from Schroders

Daniel Flynn
clock • 1 min read

Legal & General is set to abolish quarterly reporting from 2016, as it moves to focus on the long-term interests of the company, shareholders and customers.

The firm said its board believes the decision will enhance its communications with investors and other stakeholders, as timely and frequent updates will better articulate its business strategies than quarterly trading figures. Nigel Wilson (pictured), group chief executive, said: "Legal & General believes making this change will help management and the board make the right long-term decisions in the interests of all our stakeholders. "Our business cycle is long-term, with many of our investment and business decisions playing out over years and sometimes decades, rather than quarters. ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Asset Managers

Thornburg bolsters UK presence with London office opening and team expansion

Thornburg bolsters UK presence with London office opening and team expansion

Jon Dawson and Cornelia Sanders join

Linus Uhlig
clock 18 March 2025 • 1 min read
Close Brothers Asset Management renamed as TrinityBridge

Close Brothers Asset Management renamed as TrinityBridge

Following sale to Oaktree

Linus Uhlig
clock 07 March 2025 • 1 min read
Ben Whitmore's Brickwood AM launches inaugural fund

Ben Whitmore's Brickwood AM launches inaugural fund

TM Brickwood UK Value fund

Eve Maddock-Jones
clock 24 February 2025 • 2 min read
Trustpilot