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Legal & General agrees annuities partnership with Aon
Aon has established an introducer agreement with Legal & General Retail Retirement.
1 Sep 2021
Defined contribution clients enquiring about a guaranteed income as one, or part of, their retirement options with Aon will be introduced to Legal & General for further information about annuity options, or to get an annuity quotation.
Legal & General can also help customers find the best rate available through its whole of market annuity comparison service, Annuity Ready.
This is the sixth introducer agreement Legal & General has announced and follows similar arrangements with AEGON, PensionBee, Prudential, Sun Life Financial of Canada and ReAssure.
Emma Byron, Managing Director, Legal & General Retirement Solutions: "Legal & General is committed to helping everyone plan for and fund their retirement. For many retirees, we believe annuities continue to play an important role, especially for those seeking financial security. We are delighted to be able to help Aon customers with the option of a guaranteed income from an annuity."
Further information
Notes to editors
Established in 1836, Legal & General is one of the UK’s leading financial services groups and a major global investor, with £1.2 trillion in total assets under management (as at FY23) of which c40% (circa £0.5 trillion) is international.
We have a highly synergistic business model, which continues to drive strong returns. We are a leading international player in Institutional Retirement, in Retail Savings and Protection, and in both public and private markets through our Asset Management division. Across the Group, we are committed to responsible investing and dedicated to serving the long-term savings and investment needs of customers and society.
As at 7 June 2024, we estimate the Group’s Solvency II coverage ratio to be 224%.
As at 11 June 2024, Legal & General has a market capitalisation of £14.6 billion.
Legal & General Retail Retirement’s mission is to help its customers lead longer, healthier, happier lives. We believe everyone should be able to have a ‘more colourful retirement’. The Division comprises the Group’s retirement savings and income, later life lending and care solutions businesses. In 2020, LGRR wrote £910 million of annuity premiums and issued £791 million of lifetime and retirement interest only mortgages.
*at 31 Jun 2021