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The decline of the defined benefit pensions market in the UK is weighing on client flows in Legal & General Investment Management's home market, the firm's chief executive said, stressing the momentum of its international push.

Speaking on a call with analysts on Tuesday morning, LGIM chief executive Mark Zinkula attributed outflows in the UK during the third quarter to a decline in the DB market in the country, where the firm has a large market share.

The decline of defined benefit pensions in the UK is weighing on client flows in Legal & General Investment Management's home market

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Pensions changes hit UK flows at LGIM

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