L&G goes out on a limb
The stand out story by miles this week was Legal & General's shock withdrawal from the Association of British Insurers (ABI).
The insurer said it had decided to rescind its membership of the trade body at the end of the year because its business is now as much about investment management as insurance.
It said that therefore, much of its work falls outside of the remit of the ABI and into the area now covered by the Independent Markets Authority.
Of course, Legal & General, is one of the big boys and perfectly capable of standing on its own two feet, but has its decision done anything to diminish the clout and power of
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