- CEO
- Antonio Pedro Dos Santos Simoes
- Full Time Employees
- 10,799
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- One Coleman Street London GL United Kingdom EC2R 5AA
- IPO Date
- Oct 15, 2010
- Business
- Legal & General Group Plc (LGGNF) is a leading multinational financial services group and major global investor, providing asset management, institutional retirement solutions including pension risk transfer, retail retirement products such as annuities, drawdown plans, workplace savings and lifetime mortgages, and insurance offerings encompassing UK protection (group and retail), US retail protection, and lifetime mortgages. The company operates through three core synergistic businesses—Asset Management, Institutional Retirement, and Retail—managing approximately £1.1 trillion in assets under management and serving individual savers, pension scheme members, companies, global institutions, and retail customers primarily in the UK, US, and select international markets. Founded in 1836 and headquartered at One Coleman Street in London, United Kingdom, Legal & General maintains a global presence with around 10,799 employees worldwide.
In recent strategic developments, the company announced in February 2025 the sale of its US Protection business to Meiji Yasuda for estimated proceeds of $2.3 billion (£1.8 billion), expected to complete by year-end 2025, alongside a new long-term strategic partnership with Meiji Yasuda encompassing co-investment in private assets, US pension risk transfer reinsurance, and asset management outsourcing to support growth ambitions. Additional 2025 milestones include senior leadership appointments such as Scott Wheway as Group Chair in October, Andrew Kail as Group CFO effective December, Gareth Mee as CEO of Institutional Retirement in October, and Lesley-Ann Morgan as Global Head of DC in November; a £2 billion commitment to UK impact investments by 2030 announced in October; a collaboration with Microsoft for AI-driven customer service enhancements in Retail; and the launch of a digital infrastructure fund achieving €600 million first close in September.[ (press releases)][ (HL)]
The group's Institutional Retirement division leads in global pension risk transfer with recent buy-ins including £4.6 billion for Ford pension schemes in October 2025, £1.6 billion for BP Pension Fund in September, and £96 million for Cosworth Racing Limited Pension Fund in November, underscoring its market dominance in de-risking defined benefit schemes. Asset Management, via Legal & General Investment Management (LGIM), emphasizes public and private markets including real estate, private credit, infrastructure, and sustainable strategies with net-zero commitments. Retail operations focus on protection, retirement income solutions, and home finance, bolstered by innovations like the highest-rated UK workplace pension app and expanded Guided Retirement Planner access.[ (press releases)]