Press release

LGIM statement on Ukraine

At LGIM we are deeply saddened by the situation in Ukraine and our thoughts are with the Ukrainian people.

1 Mar 2022

The invasion of Ukraine contravenes almost every measurable Environmental Social and Governance (ESG) metric. LGIM has already where possible, reduced our clients’ exposure to Russian securities. Opportunities to de-risk positions in sanctioned Russian companies have been limited, and given that the market is now effectively frozen for foreign investors, we continue to monitor the situation and reduce holdings if and when market conditions allow.

Our total exposure to Russia is small; approximately 0.1% of our assets under management. This is mainly held through index funds and ETFs and we are actively working with the major index providers to confirm Russia’s future role in global indices.

These are exceptional times for investors. We are engaging with the Boards and management teams of companies who have exposure to Russia via their businesses, and are drawing on previous experience in dealing with sanctions of this nature. This is a challenging situation for all Boards with exposure to Russia. In the coming days, we will continue to act and deliver as a responsible investor on behalf of clients.

Further information

Andrew Gates

Senior Communications Manager

Asset Management

T: +44 (0)7702 118262Email Andrew Gates

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 HY24) 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.

Related content

Press release

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.

Press release

Legal & General completes £1.4 billion buy-in with the Sanofi Pension Scheme

Legal & General Assurance Society Limited (“Legal & General”) has completed a £1.4 billion buy-in with the Sanofi Pension Scheme (“the Scheme”), securing the benefits of 4,900 retirees and 5,600 deferred members.

A senior woman dancing with her husband outdoors in a their back garden.

Press release

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.