INSURANCE giant Legaland General yesterday reported forecast-beating results as it revealed a 13% leap in operating profits last year to £1.23bn on the back of strong new business in the UK.
L&G said sales in its UK life and pensions arm soared by 24% to £380m, thanks largely to new pension regulations introduced last April.
L&G posted new business sales of £1.2bn for its protection products, up 14% on 2005, and a 25% lift in sales of unit-linked bonds, to £2.6bn.
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