Legal & General was founded in June 1836 by Sergeant John Adams and five other lawyers in a café in Chancery Lane. [6] Originally called the New Law Life Assurance Society, the Society was limited to lawyers. The name was changed to Legal & General Life Assurance Society to reflect the fact that the policies were available to the general public, but ownership of the shares was limited to lawyers. The group expanded into the UK and soon began acquiring foreign life insurance companies by buying a retirement business from the Metropolitan Life Assurance Company of New York in the 1930s. [6] Legal & General Group plc, commonly known as Legal & General, is a British multinational financial services and asset management company headquartered in London, England. Products and services include investment management, life mortgages (a form of share release), annuities, annuities and life insurance. From January 2020, following the sale of Legal & General Insurance to Allianz, Allianz will no longer offer non-life insurance. [3] The firm operates in the UK and US, with investment management firms in the Gulf, Europe and Asia. [1] Legal & General`s renewed commitment to sport follows its sponsorship and support of the 2018 National Schools Championships, where the best UK primary school teams competed for the coveted National Schools Champions award.
Legal & General`s sponsorship of the event is part of the ongoing programme of activities and initiatives to promote meaningful inclusion and equality. Legal & General has long supported the 30% Club, the Diversity Project and the Women in Finance Charter. We don`t have a charity of the year and instead encourage our employees to support charities that are personal to them through our sponsorship, time matching, and “give as you win.” Sponsorship began with the Great Final of Korfball England at the Copper Box, Olympic Park, on June 1st and 2nd. The event was a fantastic success, the Legal & General Family Day was sold out in record time. Budding korfball players or those who want to try korfball are encouraged to participate in one of the many workplace tournaments taking place in cities across the country, including the London Working Tournament at Battersea Park on July 11. Beginners are welcome and coaching is offered. The value of an investment and any income derived from it are not guaranteed and can fluctuate down or up, you cannot recover the amount you originally invested. Dr. Nigel Wilson (former CFO) became Group Chief Executive Officer on 30 June 2012. He succeeded Tim Breedon, who had been CEO since 1 January 2006 and received an annual salary of £770,000.[39] [40] Other executives include Jeff Davies (Group Chief Financial Officer), Michelle Scrimgeour (CEO of Legal & General Investment Management, the firm`s investment management arm) and Kerrigan Procter (Group Chief Investment Officer). Together with Nigel Wilson, they form the board of directors of Legal & General. [41] Korfball is a unique mixed sport consisting of teams of four men and four women.
In a game that shares its roots with basketball, all players work together to score goals by shooting into a basket while trying to prevent the opponent from scoring a goal. The company offers a wide range of products and, in addition to direct selling, also offers service and brokerage agreements with many tied agents and independent financial advisors. [33] She is also the owner of Cala Homes. [34] Legal & General supports institutional pension plans, has a large investment arm (Legal & General Investment Management) and holds significant investments in socially responsible companies ranging from green energy to science parks to affordable housing. [35] In the 1970s and early 1980s, Ron Peet (1925-2020), a socially responsible actuary, was CEO of Legal & General, after leading the Australian company. [36] Peet helped campaign for thalidomide`s children, Legal & General then owned a large block of shares (3.5 million) in the Scottish beverage and pharmaceutical company Distillers. [37] [38] The former Legal & General logo includes the image of the Temple Bar (which is still used in the logo of the company`s Social and Sports Committee) and the date of incorporation. The umbrella logo used today was introduced by former Chief Press Secretary Gordon Macdonald in June 1984. Between 1991 and 1994, Legal and General sponsored regional weather forecasting for the ITV network and in 1999, Legal & General announced plans that never materialized to merge its operations with National Westminster Bank to form the UK`s first bancassurance company. [16] Thanks to our close collaboration with our customers, we are able to offer support through additional services.
This includes transparent reporting, benchmark monitoring and currency hedging, and fiduciary training. We recognize that our clients are often subject to greater scrutiny and believe that our size, heritage and robust approach to corporate governance and responsible investing help fiduciaries feel confident in the investment decisions we make on their behalf. If you are a charity and would like to contact us, please call +44 (0) 20 3124 3535 or email the link below. Our latest views on markets, investment strategies and long-term themes. Diversified exposure to a wide range of markets through integrated risk management Our community work has three distinct objectives. Each of them offers us the opportunity to truly change people`s lives. At LGIM, we work closely with charities and foundations, focusing on their priorities. We offer a dynamic range of tailored portfolio solutions across all major asset classes to help our clients offset risk, meet liabilities and diversify.
We believe that our desire to have a positive impact on society makes us a natural choice for charities and foundations. Legal & General aims to help people achieve financial security and invest in the future of society. There are many initiatives within the group to help solve the UK`s housing crisis and improve the country`s health. LGIM plays a key role in implementing Legal & General`s social priorities. The final was broadcast live on the BBC`s red button and can be watched on BBC iPlayer until 2 July. Learn more about the social enterprises we support There`s a lot of documentation about the sharp rise in inflation over the past year, and there`s a debate about whether it`s temporary or not. Access our fact sheets, fund prices, performance, fees and documents. HRH The Countess of Wessex participates in Vision Foundation`s tandem cycling session Working together to break the cycle of unemployment for people living with vision loss In 2014, the firm founded Legal & General Reinsurance, a Bermuda-based reinsurance company. Legal & General Re completed its first external transaction on the Dutch market in December 2015 in cooperation with ASR.
[27] In May 2016, Legal & General Assurance in the UK bought Aegon`s UK bond portfolio for £3 billion. In the 1940s, Legal & General`s headquarters were moved from Temple Bar House in the City of London to a converted former girls` school in leafy Kingswood, Surrey, except for some management functions that remained in London.[28] The girls` school (St. Monica`s), which served as the basis for the site, was attended by writer Vera Brittain, mother of politician Shirley Williams. [10] The Kingswood site, which included sports fields, a park, a large and luxurious swimming pool, a canteen and a mock English pub, was expanded in the 1950s and again in the 1980s. [11] In 2015, it was announced that the headquarters would close “possibly before 2025.” [12] [13] Indeed, after a period of uncertainty for Kingswood employees,[14] it was announced that the site would close much earlier, in 2018. [15] LGIM experts` perspectives on the latest ESG developments and topics in the field of responsible investment. The firm sold Legal & General Bank and Legal & General Mortgage Services to Northern Rock[17] in 2003 and sold its stake in Gresham Insurance, its joint venture with Barclays Bank, to Barclays in 2005. [18] At the Legal & General England Korfball Grand Finals, the country`s top players will return to London`s iconic Copper Box Arena on 1-2 June 2019 for the culmination of the korfball season.
