Nigel Wilson, chief executive of UK insurer Legal & General, hailed "record" results for the group's asset management division as he set out a target for the near-£750 billion unit to double its global market share in the next decade.

Legal & General Investment Management pulled in a net £38 billion of new inflows during 2015, the company said at its full-year results briefing on March 15, taking assets to £746 billion. The division also increased operating profits by 11%, to £355 million for the year.