L&G committed to improving investment management arm  September 6th, 2010

Legal & General (L&G) Investment Management has committed to continuous improvement of the company's standards through continued investment.

The company has recruited four notable new senior managers to its Pension Solutions business as part of its latest drive, including Lucas Bouwhuis of Western Asset Management and Iain Simpson, formerly of BlackRock.

L&G Investment Management head of solutions Kerrigan Procter explained that £75 billion in derivative overlays is now in place for its pension scheme client base.

He added: "As this growth continues, it is important that we continue to invest in the business, to ensure that the high standards we have set are maintained both for our existing clients and also for any new ones that we attract."

KPMG recently warned that as many as a third of FTSE 100 companies will be unable to pay pension deficits, claiming that trustees need to maintain a long-term view to support sponsor growth.