Half Year 2019 Legal & General Group PLC Earnings Call Transcript
Good morning, and welcome to our 2019 H1 presentation. Firstly, a couple of bits of housekeeping. Here are the usual forward-looking statements. Please switch off mobile phones. And if there is a fire alarm, the home team will shepherd you downstairs.
The jet engine on the screen reflects one of our 3 standout deals of the first half of 2019, the largest ever U.K. PRT deal over GBP 4.6 billion for Rolls Royce. The other 2 records were: the partnership with Oxford University, which we announced a few weeks ago, which will deliver up to GBP 4 billion of investment over the next decade. We expect a significant amount of these assets will support our PRT business. So Oxford University postgraduate engineers, they will be living and working in facilities which fund the pensions of their Rolls Royce predecessors. This is an example of inclusive capitalism in practice.
The third record for LGIM was the award of a $50 billion mandate from GPIF in Japan, adding to record international inflows. These deals reflect skills
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