L&G posted a rare update of its main figures in Q1 20, as it usually only releases half-year results. The company said it is in a good shape, with a developing Pension Risk Transfer business (transactions of £1.2bn with a business pipeline of £26bn). Annuity sales are growing and the asset management business recorded net inflows of £10.6bn. The insurer will issue Tier 2 subordianted debt and said its capital position remains solid. This announcement confirms our estimat ....