Press releases

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.

Dash for cash: 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.

L&G Mastertrust launches new Sustainability Report, with expanded focus on nature and people

Trustees call on sector to go beyond TCFD reporting requirements and capture interdependencies between climate, nature and society.

Legal & General Managed Fund continues acquisitions with prime London West End office asset

This latest deal marks £370 million of acquisitions so far this year for the fund, demonstrating strong momentum and improving investor sentiment.

Legal & General completes £1.1 billion full buy-in with Deutsche Bank Pension Scheme

Legal & General Assurance Society Limited (“Legal & General”) has completed a £1.1 billion full buy-in with the DB (UK) Pension Scheme (“the Scheme”), securing the benefits of around 4,000 members.

Carolyn Johnson to take over from Sir Charles Roxburgh as Chair of Legal & General America

Legal & General Group Plc (“Group”) is pleased to announce that Carolyn Johnson has been appointed as Chair of the Board of Directors of Legal & General America (“LGA”), taking over from Sir Charles Roxburgh, effective 1 March 2025. Sir Charles will step down from the LGA Board on the same date.

L&G bolsters Private Markets platform with equity stake in Taurus and commits up to $200m to high growth real estate sectors in the US

This long-term partnership further deepens L&G’s Private Markets capabilities in the region, whilst addressing investor demand for real estate equity exposure. At its Capital Markets Event in June, L&G said it aimed to expand its global Private Markets platform to £85bn ($112bn) AUM by 2028.

L&G expands index range with the launch of S&P 500 Equal Weight Index Fund

Legal & General’s Asset Management Division has today announced the launch of the Legal & General S&P 500 US Equal Weight Index Fund (“the Fund”), offering investors the opportunity to limit the risk of over-concentration to single stocks in the primary US index. The Fund will track the S&P 500 Equal Weight Index.

L&G expands fixed income ETF range with the launch of ex-banks corporate bond UCITS ETF

First of its kind ETF focuses on quality, stability, diversification and income.