Legal & General Review
FCA FRN: 117659 | Group: Legal & General Group plc (LSE: LGEN) | Products: Life, Home, Car, Landlord, Pet, Travel
L&G in the Retirement Market
Legal & General is one of the dominant players in the UK retirement market. The group manages defined benefit pension liabilities for major UK employers through its pension risk transfer (bulk annuity) business, which is one of the largest in the UK market. For individual consumers, L&G offers personal annuities, drawdown products, equity release (lifetime mortgages) and workplace pension schemes. These retirement products represent L&G's strongest commercial position relative to the general insurance brands covered in the earlier waves of this series.
Competitors
L&G's Listed Company Transparency
As a FTSE 100 listed company, L&G publishes detailed annual reports, half-year results and investor presentations. This financial disclosure is more extensive than any of the private or mutual insurers covered in this brand series. L&G's solvency position, claims ratios and expense data are publicly available through its regulatory and investor reporting, providing a level of financial transparency that supports informed consumer decision-making about the group's financial strength.
Disclaimer: Kael Tripton Ltd is not regulated by the Financial Conduct Authority and does not provide financial advice. This article is editorial research only, drawing on publicly available FCA register data, FOS annual data, and Defaqto ratings. All product details should be verified directly with the provider before making any purchase decision.
Frequently Asked Questions
Is Legal & General regulated by the FCA?
Yes. Legal & General Assurance Society Limited holds FCA FRN 117659 and is authorised and regulated by the FCA and PRA. As a FTSE 100 group, L&G is also subject to FCA market conduct rules and UK Corporate Governance Code requirements. The FCA register can be verified at register.fca.org.uk.
What is Legal & General's financial strength rating?
Legal & General Group holds an AA- financial strength rating from Standard and Poors. This is one of the strongest ratings in the UK insurance sector, alongside AXA Group and Aviva. The rating reflects the group's capital position, earnings quality and balance sheet strength.
Is Legal & General good for life insurance?
Legal & General is one of the UK's three largest individual life insurance providers and publishes annual claims data showing acceptance rates above 97% for term life insurance. Its life insurance products are available directly and through financial advisers and comparison sites.
Does Legal & General offer car insurance?
Yes. L&G car insurance is available through comparison sites including MoneySuperMarket and GoCompare. Car insurance is a secondary product for L&G relative to its life, protection and retirement operations.
What is Legal & General's relationship to the housing market?
L&G has a significant affordable housing and build-to-rent investment operation, building homes directly as a developer and investor. This is separate from its insurance and pensions business but contributes to the group's overall profile as a long-term investment-focused financial services group.
Sources
- FCA Financial Services Register: register.fca.org.uk, FRN 117659
- FOS Annual Data 2022/23: financial-ombudsman.org.uk
- Legal & General Group Annual Report 2023: legalandgeneral.com
- Defaqto Star Ratings: defaqto.com
- S&P financial strength ratings: standardandpoors.com
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Editorial Disclaimer
The content on Kaeltripton.com is for informational and educational purposes only and does not constitute financial, investment, tax, legal or regulatory advice. Kaeltripton.com is not authorised or regulated by the Financial Conduct Authority (FCA) and is not a financial adviser, mortgage broker, insurance intermediary or investment firm. Nothing on this site should be construed as a personal recommendation. Rates, figures and product details are indicative only, subject to change without notice, and should always be verified directly with the relevant provider, HMRC, the FCA register, the Bank of England, Ofgem or other appropriate authority before any financial decision is made. Past performance is not a reliable indicator of future results. If you require regulated financial advice, please consult a qualified adviser authorised by the FCA.
