L&G Asset Management sees AUM fall by 2% amid outflows
L&G Asset Management grows revenue by 4%
L&G Asset Management grows revenue by 4%
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The firm cuts 10% of its headcount to make savings of £11m after it lost SJP sustainable mandate
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Outflows would have been over three times lower at £3.3bn were it not for Whitmore and Chrysalis’ departure
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CEO Mike O’Shea said the most recent results show a ‘noticeable improvement’ in flows
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Firm will also overhaul 10 UK-domiciled funds to gain SDR label
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November sees £1.6bn in inflows
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Investors withdrew £5.9b from investment funds over concerns about Chancellor Rachel Reeves’ tax changes
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Group warned of Q4 £8bn outflow from legacy Scottish Widows mandate
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Total outflows increased to £2.1bn in the first half of its financial year
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Equities see a net £2.19bn in inflows
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UK investors remove net £136m in May after March and April inflows
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Changing the story around UK equities is essential to stopping outflows, say UK equity fund managers
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