Legal & General sales dip in tough market

New business sales at UK insurer Legal & General slipped today amid a weakening housing market and a fall in corporate annuity sales.

Legal & General sales dip in tough market
Fri, 26 Oct, 2007 - 11:18

New business sales at UK insurer Legal & General slipped today amid a weakening housing market and a fall in corporate annuity sales.

The group said total UK sales – which account for most of its business – for the nine months to September 30 fell 9% to £1.09bn (€1.5bn) from £1.21bn (€1.7bn) the year before.

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