The Financial Times revealed in an article that several employees at Legal & General Investment Management (LGIM) have accused the asset manager of a series of compliance and risk failures that potentially cost its clients millions of pounds. The risk culture within the group was qualified as “toxic” and “is reaching crisis levels”. The insurer said that it has taken these issues seriously. In the months since these allegations were first made, it has conducted a f
31 Jul 2018
Too big to control risks
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Too big to control risks
Legal & General Group Plc (LGEN:LON) | 254 -2.8 (-0.4%) | Mkt Cap: 15,209m
- Published:
31 Jul 2018 -
Author:
Bassem Neifer -
Pages:
2
The Financial Times revealed in an article that several employees at Legal & General Investment Management (LGIM) have accused the asset manager of a series of compliance and risk failures that potentially cost its clients millions of pounds. The risk culture within the group was qualified as “toxic” and “is reaching crisis levels”. The insurer said that it has taken these issues seriously. In the months since these allegations were first made, it has conducted a f