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L&G: Bank of England helped ‘alleviate pressure’ on LDI clients
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Legal and General has attempted to reassure investors that it remains in strong financial health despite the crisis that engulfed the gilt and liability-driven-investment markets last week.
Through its asset management division, L&G is one of the UK's biggest providers of LDI strategies, and had seen its share price fall some 13% between the mini-budget on 23 September and the market close on 3 October.
LDI —...
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