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."
Established in 1836, Legal & General is one of the UK's leading financial services groups and a major global investor, with over £1.2 trillion in total assets under management* of which 39% is international. We have a unique and highly synergistic business model, which continues to drive strong returns. Legal & General provides powerful asset origination and management capabilities directly to clients, which also underpin our leading retirement and protection solutions. We are a leading international player in Pension Risk Transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. Our purpose is to improve the lives of our customers and create value for our shareholders. Through inclusive capitalism, we are investing in long-term assets, such as real estate and infrastructure, that can help build a better society for the future.
*as at HY 2023
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