Not sure abot the correlation to credit bit. Legal and general constantly say higher interest rates make them more profitable.
Also they are increasing there pension transfer business outside the UK. US and Canada to be precise.
Correlation to the UK stock market is a beta of 1.5. As i have said before they could break the link in the future. Based on profit growth.
Not watched it. In fact it maybe just a read!
Either way it’s about the changes in the pension companies/insurance companies.
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