Legal & General is set to abolish quarterly reporting from 2016, as it moves to focus on the long-term interests of the company, shareholders and customers.
The firm said its board believes the decision will enhance its communications with investors and other stakeholders, as timely and frequent updates will better articulate its business strategies than quarterly trading figures. Nigel Wilson (pictured), group chief executive, said: "Legal & General believes making this change will help management and the board make the right long-term decisions in the interests of all our stakeholders. "Our business cycle is long-term, with many of our investment and business decisions playing out over years and sometimes decades, rather than quarters. ...
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