Legal & General purchases goods and services from over 3,000 suppliers, ranging from large multi-nationals to smaller local businesses. The purchase process ensures that company resources are used in the most cost-effective manner and that the items supplied meet the needs of our internal operational requirements, general insurance policyholders or managed property tenants.
Suppliers make an important contribution to our business and we seek to establish mutually beneficial commercial relationships with them. Our objective is to achieve value for money by encouraging competition between suppliers and by offering appropriate suppliers an equal opportunity to win our business. In return we have a responsibility to treat competing suppliers in a fair and ethical manner, and to pay for goods and services according to the terms agreed.
These principles apply to all purchases of goods and services made on behalf of the UK firms within the Legal & General Group.