If you are an employer, you can access all the information on our general employers page. Personal data collected from you will be shared with fraud prevention authorities in order to prevent fraud and money laundering and to verify your identity. If fraud is detected, you may be denied certain services, finances or employment. For more information about how your information is used by us and these fraud prevention agencies, as well as your privacy rights, please visit legalandgeneral.com/cifas I expect L&G to continue to benefit from these trends. This leads to a question: what will L&G do with its expected operating profits of at least £600-700 million and its royalty-generating debt of £25-30 billion for 2025 to £30 billion? In addition, we may share your personal data with third parties: the funds in which we may invest in you are currently provided through an insurance policy with Legal & General Assurance (Pensions Management) Limited (L&G). We don`t invest directly in assets, but L&G arranges that for us. In practice, most investment funds provided by L&G are managed by another company within the L&G Group (Legal & General Investment Management Limited). L&G also offers funds managed by other fund managers and other third parties outside the L&G Group, and we currently offer you the opportunity to invest in one of these funds (the HSBC Fund). In addition to a leading position in the UK, the company is also expanding in the US and internationally. In 2020, Legal & General sold its non-life insurance business to Allianz and said it would use the funds to reinvest in its core asset management and pension fund businesses. The third-party fund currently offered under the Plan will be provided through a mutual fund that is legally “protected” – that is, segregated – from the assets and liabilities of its investment manager.
Legal & General may also verify the details of other parties as part of your contract, including identity verification. This includes beneficiaries, trustees, settlors, third-party payers, executors or administrators of your estate, parties with power of attorney and other beneficial owners. By providing your email address, you agree that we may send you emails with news, information and offers about the products and services offered by Legal & General Financial Advice. We will never share your information with third parties for their own marketing purposes. The information we collect from you may be transferred to and stored at a destination outside the UK to third party service providers, agents or agents. We will take all steps reasonably necessary to ensure that your data is treated securely and in accordance with this Privacy Policy to ensure that your personal data is treated with the same safeguards that we apply ourselves. In addition to operating income, EPS and dividend, I really like the fact that L&G continues to achieve an ROE of over 20%. In addition, the solvency ratio increased to 212% thanks to higher interest rates. It`s a number that attracted a lot of attention during the Q&A session of the last conference call.
In fact, this means that L&G has a large cushion to absorb any type of shock, as shown in the slide below, which points out that even a large credit event would still leave L&G`s solvency ratio at 190%. While we can still achieve a return on equity of 20%, we prefer to continue investing in a very attractive and high-growth company and continue relentlessly. Yes, we are clearly ahead of the plan and the plan had dividends of 5% and we had nothing else to pay at the moment. So if we continue like this, there will be debates at the board about the right dividend policy and what we should do with share buybacks. Pensions aren`t for everyone`s idea of enthusiasm, but if you don`t think about the future, people can face difficult financial realities later on. We believe that providers like us have a duty to interest people in their retirement savings to help them lay the foundation for a better future. Please include your name, the product you are interested in and the format in which you wish to receive the information so that we can process your request. The right to force us to delete any personal data we hold about you. This right only applies if, for example: DC New Business TeamOne Coleman StreetLondonEC2R 5AA Our retirement income calculator provides a useful estimate of your potential retirement income. We will only transfer your data to a recipient outside the UK if we are legally entitled to do so (for example, (A) if the transfer is based on standard data protection clauses adopted or approved by the UK Information Commissioner`s Office, (B) if the transfer takes place in a territory deemed “adequate” by the UK, or (C) if the recipient is subject to an approved certification scheme and the personal data is subject to appropriate safeguards, etc.). As one of the leading providers of defined contribution occupational pensions, Legal & General offers a range of trust schemes and contracts offering flexibility, choice and value for money. The Multi-Asset Fund is a globally diversified fund designed to help its members increase their retirement savings in a cost-effective manner.
The fund is designed to help investors in DC pension plans who are looking for long-term growth but are less volatile than a pure equity fund. Legal & General has appointed a Data Protection Officer to provide independent expert advice and monitor compliance with data protection laws: if we have not published our “final response” within eight weeks of the date you first lodged your complaint, or if you are not satisfied with our response, you can ask the Financial Ombudsman Service for an independent review. The Financial Ombudsman Service can only investigate your complaint if you have tried to resolve it with us, so please let us know of your concerns first and we will do our best to assist you. We provide clear and timely communication across a range of media, including videos, apps and online planning tools. They help system members use their pensions, understand their choices, imagine what options might be available to them for their own lives, and verify that they are on track to meet their retirement goals. Disclosure: I/we have an advantageous long position in LGGNY shares, whether through stocks, options or other derivatives. I wrote this article myself, and it expresses my own opinion. I don`t get any compensation for this (except for Seeking Alpha).
I have no business relationship with a company whose shares are mentioned in this article. To get an idea of L&G`s performance in recent years, since 2007 L&G has more than quadrupled its pension record, increasingly focused on asset quality, suffered actual default losses of just £25 million and none since 2008. Payment Services, Legal & General Retirement, PO Box 809, Cardiff, CF24 0YL For retirement products, we may retain your personal data indefinitely using the legitimate interest condition to respond to your future requests, those of your family or financial advisor and our regulators. Please note that the personal data you provide to us and that we collect about you is necessary for us to provide you with our services, and without it, we may not be able to do so. Based on the FTSE Russell Global Equity Index Series, the fund tracks a range of diversified global securities, weighted for risks and opportunities arising from the global transition to a low-carbon economy. The fund`s components will be adjusted based on their fossil fuel reserves, carbon emissions and green revenues, as well as the Transition Pathway Initiative`s (TPI) analysis of how the world`s largest and most carbon-intensive public companies are tackling climate change. In addition, the fund excludes fossil fuels, tobacco, controversial weapons and violations of the UN Global Compact. One of LGIM`s flagship DC strategies, offering a round-trip retirement solution for UK DC investors. For example, we know that many of our clients and members care about the environment, how people are treated and how organizations are managed (environmental, social and governance issues, or ESG for short). To gauge their views on the ESG impact of the companies in which we invest their retirement savings – and whether they prefer to avoid or continue to invest in these companies – we use technology that allows clients and members to tell us how they would vote. For more information on our ESG work, please visit our responsible investment pages. We also have an ESG website for members.
In order to process your mortgage application, we share your personal information with credit reference agencies (CRAs) who provide us with information about you, such as your financial history. We do this to assess the creditworthiness and suitability of products, verify your identity, manage your account, investigate and collect debts, and prevent criminal activity. For our life mortgage and retirement interest-only mortgage products, we can offer: Although it is still often considered an insurance company, Legal & General has four main divisions: .