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

Full press release

Heather Lauder and Helen Carey, IGC appointments

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

Lucy Ausden

Corporate Communications Manager

Legal & General Investment Management

T: +44 (0)7827 919568

Email Lucy Ausden

Will Throp2

Will Throp

Communications Manager

Legal & General Investment Management

T: +44 (0)7791 899779

Email Will Throp

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.

LGIM is one of Europe’s largest asset managers and a major global investor, with total assets under management of £1.2 trillion1 ($1.5tn, €1.3tn, CHF 1.2tn). 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.

1Data as at 31 December 2023. 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.