In 2011, global companies increasingly looked at their pension arrangements on a holistic rather than a purely regional basis. Having established LGIMA in 2007 and LGIM International in 2011, Legal & General is in a prime position to market our world class de-risking product capability worldwide and specifically in North America, the Gulf and Asia.
North America is the largest pension fund market in the world, and the largest for passive strategies. Almost half of the world’s top 300 pension schemes are based in the region, providing a strong opportunity to leverage our existing UK client base. 2011 also saw us build on our relationships. Currently we are seeing strong customer demand for our index, active credit and property products.
In 2011 we also announced our intention to offer our product set to significant institutional clients in Asia.