Our scale and capability across a broad, balanced product range enables us to reach an increasingly large and diverse customer base.
Protection and Annuities
Legal & General is an expert provider of risk based products, operating across a number of markets. These include life assurance and critical illness cover, individual and bulk purchase annuities, group risk and household and income protection.
Protection Retail Market Share and Rank 2000-06 (%)
Market Position
We are a major provider of life, protection and annuity products in the UK. We support the largest network of mortgage advisers in the UK who are responsible for more than £20bn of mortgage placement per annum. Our products are priced to provide value for money for our customers.
- 1.
- Annual Premium Equivalent
Wealth Management
Legal & General is a leading provider of wealth management products. We distribute a wide range of individual and corporate pensions as well as investment bonds, unit trusts and ISAs through IFAs, business partners, banks, building societies and direct to customers.
Wealth Distribution Split
Retail Investments APE
Total sales more than doubled
Market Position
We are a consistent top three provider of wealth products to the IFA sector and a leading wealth product partner to banks and building societies in the UK. In 2006 we launched a range of open architecture products through our partnership with Cofunds, a leading investment platform provider in the UK.
With-Profits
Legal & General’s with-profits business includes pension and unit-linked savings products that offer a with-profits option. The business is managed separately from non profits business and is backed by a financially strong fund enabling us to take advantage of a wide range of investment opportunities.
Return on Asset Backing With-Profits Policies (%)
Bonus Payments
£596m bonus payments
Market Position
In 2006 the with-profits business paid £596m in bonuses having generated a return of over 11% gross of tax and investment charges on assets backing with-profits participating policies. The five year return of 55% has exceeded the FTSE All-Share and FTSE 100 indices.
Investment Management
Legal & General Investment Management (LGIM) is one of the largest asset managers in the UK, providing institutional investors with straightforward, value for money investment solutions. Our product range includes index funds as well as actively managed equity, fixed income, and commercial property funds.
Growth of Funds under Management (FUM) (£bn)
New Funds’ under management
New business up 21%
Market Position
LGIM is the leading provider of asset management services to UK corporate pension schemes, managing assets for over 2,800 companies including 54 of the top 100 UK listed companies. Our scale is such that we hold 3.8% of UK plc.
International
Legal & General’s principal international businesses operate in the United States, France and the Netherlands. They are active in selected lines of business in individual and group protection and savings.
International New Business (£m APE)
Increase in EEV operating profit
EEV operating profit up 56%
Market Position
More than 90% of Legal & General’s business is in the UK. Our international operations form a complementary portfolio of profitable, specialist businesses.