The funds arm of UK insurer Legal & General reported today that its assets under management had reached record levels, thanks to rising markets and flows into its fixed-income and liability-driven investment divisions. The results comes after Financial News revealed yesterday that the company is restricting investors from entering its flagship sterling corporate bond fund.

Legal & General Investment Management's assets stood at £311bn (€346bn) at the end of September, up 15% from £271bn at the end of June, according to its parent company's third quarter update published today.