Products boost sales at L&G

28 April 2005
Legal & General has reported better-than-expected sales today, attributing its performance to its products.

The insurer claimed confidence in the savings and investment market is now showing signs of recovery and reported a 47 per cent year-on-year rise in UK sales of life and pensions during the first three months of 2005.

Chief executive David Prosser, told This is Money: "Looking forward to the rest of 2005, we expect to continue to build our market share profitably."

The company claimed its "broad spread of good value products" was a key reason behind its success.

In addition new distribution agreements, such as that with Bradford and Bingley, were helping business.

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