Press releases
Legal & General appoints two new members to Independent Governance Committee
Legal & General (‘L&G’) today announces the appointment of Heather Lauder and Helen Carey as two new members of the Independent Governance Committee (‘IGC’), the group responsible for ensuring value for members across L&G’s WorkSave Pension Plan (‘WPP’) and Group Stakeholder Pension Plan (‘GSPP’).
14 Mar 2023
Heather holds over 30 years’ experience in Retail and Business Banking, having previously held large scale customer strategy, customer operations, digital and transformational executive roles at NatWest, RBS, Tesco, VirginMoney and Co-Op Bank. Heather also has Non-Executive Director experience in both the public and private sector - most recently with Zurich Assurance. She was also appointed Chair to professional services firm DSW to lead them through an IPO in 2021.
Helen is Compliance & Operations Director at AV Trinity, a Chartered IFA firm in Tunbridge Wells. She has 25 years of experience working in financial services, with in-depth knowledge of pensions, investments, sustainable investing and the member experience. Alongside her role at AV Trinity, Helen serves as an independent member on the Hargreaves Lansdown IGC and is an Examiner for the Chartered Insurance Institute.
The IGC is committed to ensuring that each scheme with Legal & General receives good value for money, a range of suitable investment options and clear, regular communications and administration on behalf of members. The Committee provides oversight for the pensions of over 2.5 million members1 and £34.6bn2 in assets under management (‘AUM’).
Legal & General supports over 4.7 million members across its Defined Contribution (‘DC’) business as the largest provider in the UK.3
Rita Butler-Jones, Co-Head of Defined Contribution at Legal & General Investment Management (LGIM):“We’re delighted to welcome Heather and Helen as new members of our IGC. Their appointments underscore the continued strength of the committee, ensuring that we have the right governance in place to continue delivering the retirement outcomes that our members deserve.”
Joanne Seager OBE, Chair of the IGC: “I am delighted to be joining the L&G Mastertrust as Chair of Trustees. Whether it be incorporating private markets into DC pensions, delivering on the Mastertrust’s sustainability objectives or scrutinising value for money, our focus will be on continuing to deliver for the Mastertrust’s members and participating employers, helping to secure the retirement outcomes that members deserve.”
1Source: LGIM internal data. Figure as at 1 February 2023.
2Source: LGIM internal data. Figure as at 1 February 2023.
3Source: LGIM internal data. Figure as at 1 February 2023.
Lucy Ausden
Corporate Communications Manager
Legal & General Investment Management
T: +44 (0)7827 919568
Will Throp
Senior PR Executive
Legal & General Investment Management
T: +44 (0)7791 899779
Notes to editors
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 a third is international. We also provide powerful asset origination capabilities. Together, these 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. Through inclusive capitalism, we aim to build a better society by investing in long-term assets that benefit everyone.
*at 31 Dec 2022
Legal & General Investment Management
Legal & General Investment Management is one of Europe’s largest asset managers and a major global investor, with total assets under management of £1.29 trillion1. We work with a wide range of global clients, including pension schemes, sovereign wealth funds, fund distributors and retail investors.
For more than 50 years, we have built our business through understanding what matters most to our clients and transforming this insight into valuable, accessible investment products and solutions. We provide investment expertise across the full spectrum of asset classes including fixed income, equities, commercial property, and cash. Our capabilities range from index-tracking and active strategies to liquidity management and liability-based risk management solutions.
1Globally, we manage assets of £1.42 trillion or CHF 1.75 trillion as at 31 December 2021 (source: LGIM internal data as at 31 December 2021). The data combines assets under management by LGIM in the UK, LGIMA in the US and LGIM Asia in Hong Kong. Assets under management include securities and derivatives positions.
*at 11 Jan 2023
KEY RISKS
Past performance is not a guide to the future. The value of an investment and any income taken from it is not guaranteed and can go down as well as up, you may not get back the amount you originally invested. For illustrative purposes only. Reference to a particular security is on a historical basis and does not mean that the security is currently held or will be held within an LGIM portfolio. The above information does not constitute a recommendation to buy or sell any security. Views expressed are of LGIM as at 3 January 2023.
IMPORTANT LEGAL NOTICE
In the European Economic Area, it is issued by LGIM Managers (Europe) Limited, authorised by the Central Bank of Ireland as a UCITS management company (pursuant to European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011 (S.I. No. 352 of 2011), as amended) and as an alternative investment fund manager with "top up" permissions which enable the firm to carry out certain additional MiFID investment services (pursuant to the European Union (Alternative Investment Fund Managers) Regulations 2013 (S.I. No. 257 of 2013), as amended). Registered in Ireland with the Companies Registration Office (No. 609677). Registered Office: 70 Sir John Rogerson's Quay, Dublin, 2, Ireland. Regulated by the Central Bank of Ireland (No. C173733).
LGIM Managers (Europe) Limited operates a branch network in the European Economic Area, which is subject to supervision by the Central Bank of Ireland. In Italy, the branch office of LGIM Managers (Europe) Limited is subject to limited supervision by the Commissione Nazionale per le società e la Borsa ("CONSOB") and is registered with Banca d'Italia (no. 23978.0) with registered office at Piazza della Repubblica 3, 20121 Milan, (Companies' Register no. MI - 2557936). In Germany, the branch office of LGIM Managers (Europe) Limited is subject to limited supervision by the German Federal Financial Supervisory Authority ("BaFin"). In the Netherlands, the branch office of LGIM Managers (Europe) Limited is subject to limited supervision by the Dutch Authority for the Financial Markets ("AFM") and it is included in the register held by the AFM and registered with the trade register of the Chamber of Commerce under number 74481231.Details about the full extent of our relevant authorisations and permissions are available from us upon request. For further information on our products (including the product prospectuses), please visit our website.