Legal & General Investment Management, the UK’s largest fund manager, pulled in £60.3bn in the first six months of 2019 — boosted by a bumper passive investment contract from the world’s biggest pension fund.

The net inflows helped assets under management to hit £1.14tn, up 15% on the start of the year, the company said as it reported first-half results on August 7. Revenues climbed 4.8% to £434m, while profit before tax rose fractionally to £200m.