Paul Stanworth, L&G, on liability-matching 'fringe' assets

UK insurer plans wider range of investments for annuity fund


Legal & General (L&G) is considering ways to widen the pool of assets that the firm can buy for its annuity fund going forward, taking into account the Solvency II matching adjustment.

Paul Stanworth, managing director at Legal & General Capital, said the firm planned to buy assets that could be restructured to match annuity liabilities, even if the assets in question were not a clear match beforehand. This will enable the firm to target a wider array of investments at a time when assets that di