Press releases

Legal & General completes £370 million buy-in with the TUI Group UK Pension Trust

Legal & General Assurance Society Limited (“Legal & General”) has completed a £370 million buy-in with the BAL section of the TUI Group UK Pension Trust (“the Scheme”).

One in 10 couples who split over the age of 50 use property wealth to fund the cost of divorce

Property is the priority asset up for discussion at the point of divorce for over 50s (60%).

L&G announces the sale of its US protection business to Meiji Yasuda, and the creation of a long-term strategic partnership, for a valuation of $2.3bn

L&G announces the sale of its US protection business to Meiji Yasuda, and the creation of a long-term strategic partnership, for a valuation of $2.3bn

L&G Group Protection reports 79% year on year increase in digital health service usage

New Chief Medical Officer report reveals how added-value digital health services are fundamental to their GIP proposition; helping people and business grow.

Legal & General steps up affordable housing push, raising £510m to tackle crisis head on

L&G has received £130m of new commitments, including £100m from London CIV, the investment pool for London Local Government Pension Schemes (LGPS), to invest in affordable housing nationally.

L&G launches new AI for Business Value programme in partnership with Multiverse

The scheme will upskill 50 employees in AI capabilities to drive efficiencies.

Legal & General completes £1.4 billion buy-in with the Sanofi Pension Scheme

Legal & General Assurance Society Limited (“Legal & General”) has completed a £1.4 billion buy-in with the Sanofi Pension Scheme (“the Scheme”), securing the benefits of 4,900 retirees and 5,600 deferred members.

L&G Mastertrust reaches £30 billion in AUM

Largest commercial master trust in the UK grows by a third in under two years.

Greater Manchester Pension Fund partners with Legal & General to deliver affordable housing in North West England

Greater Manchester Pension Fund (“GMPF”) have invested £100m into an investment fund developed and managed by Legal and General (“L&G”) to deliver much-needed affordable homes across North West England.

One in five access pensions at 55

One in four make pension withdrawals without seeking advice, exposing themselves to unexpected tax bills and losing entitlement to means-tested benefits.

Legal & General submits planning for the £350m Bristol Temple Island masterplan regeneration project

Legal & General (‘L&G’) announces it has submitted the planning application for Bristol Temple Island, a £350m regeneration project that will transform the derelict, former diesel depot site into a vibrant urban quarter.

Damp and asbestos most common ‘hidden’ issues missed by buyers skipping home surveys, reveals Legal & General Surveying Services

Damp (22%) and asbestos (18%) are the two most common ‘hidden’ issues for those who do not opt for a home survey.

Holy Matri-money – 280,000 recent divorces delayed due to money struggles

To mark Divorce Day (6 January), Legal & General has revealed that one in six recent divorces (280,000 - 17%) were delayed for financial reasons.

L&G completes flagship Build to Rent scheme in London, delivering 1034 homes

New Acres provides 1034 homes across 18 buildings next to Wandsworth Town Station, making it L&G’s largest Build to Rent (BTR) scheme to date.

L&G sets Lifetime Advantage Funds as new default strategy for contract-based DC clients

Innovative default design delivers higher private markets exposure, with the aim of boosting member outcomes in retirement.

Legal & General Group plc Board changes

Legal & General Group plc (“Legal & General” or the “Company”) announces the following board changes as part of the Board’s longer-term succession planning.

Homeowners could nearly double their retirement savings by combining pensions and property wealth

For older homeowners, property wealth could help to boost the amount of money available to fund their retirement.

Deep Dive: Institutional Retirement

Legal & General Plc (“Legal & General” or the “Group”) will today hold the first in a series of deep dives on its three divisions. Today’s deep dive will cover Institutional Retirement.

Another record year for annuities as Legal & General tops £2bn in sales

Legal & General Retail’s annuity sales have reached an all-time high of £2bn so far this year, indicating more people place value on having certainty over their finances.

L&G achieves record year in US PRT business and completes largest Canadian deal to date

Legal & General has completed $2.2 billion of Pension Risk Transfer (PRT) business in the US this year, making 2024 its largest year on record in the US market.

L&G Research: Sustainable and impact mandates expected to account for nearly half of UK institutional investors’ private markets portfolios in the next two years

Legal & General (‘L&G’) has today published its latest research on UK investor sentiment towards private markets allocations. The study explores how 150 institutional investors are planning their future private markets portfolios, highlighting key allocation drivers and the increasing importance of impact and sustainability mandates.

Legal & General Affordable Homes bolster team with managing director for stock acquisitions

Catherine Raynsford will lead on acquisitions of existing homes, sustainable retrofitting of acquired stock and the development of large-scale partnerships.

Legal & General completes £34 million buy-in with Walkers Shortbread Limited Retirement Benefits Scheme

Legal & General Assurance Society Limited (“Legal & General”) has completed a £34 million buy-in with the Walkers Shortbread Limited Retirement Benefits Scheme (“the Scheme”), securing the benefits of 161 retirees and 238 deferred members.

L&G launches 25 rent-free retail units below flagship London BTR scheme supporting independent businesses

Legal & General (L&G) has today announced the creation of UK’s first new-build independent neighbourhood, offering over 25 independent retailers their first year rent-free in efforts to breathe life into the high street and champion independent businesses and entrepreneurship.