Legal & General boss sees ‘pent-up demand’ for UK investment despite riots

The boss of Britain’s biggest fund manager said there was a growing desire to invest in the UK that would not diminish because of the unrest in towns across the country.

António Simões, chief executive of Legal & General, which has £1.1 trillion of assets under management, said talks he had held with investors in recent weeks suggested there was “pent-up demand” to invest in Britain.

He has held more than 85 meetings with investors in the UK, the United States and Asia since setting out his strategy for the life insurance and savings giant on June 12.

“I think investors are quite keen to invest in the UK,” he said, adding that they were attracted by the “fundamentals of the UK economy”, including the