Legal & General
Legal & General is a top 20 global asset manager (with £1 trillion under management) and the UK’s largest provider of individual life assurance products - leading the market in managing retirement risk for pension schemes, both in the UK and US.
Our purpose is improving the lives of our customers, building a better society for the long term and creating value for our shareholders.
This shapes every aspect of how we do business.
We perform four very simple, but very important functions each and every day for our customers:
- To enable customers to save for a pension which will provide them with an income for life in retirement;
- To provide investment and savings products which allow individuals and families to plan for the future;
- To pay out valid claims when a customer becomes ill, is unable to work or dies;
- To pay out valid claims when a customer's home and its contents are lost or damaged.
We do this for 8 million customers in the UK and over one million overseas. Our business is designed to reflect the risk, savings and investment needs of our customers at various key stages of their lives. We believe that our products provide benefits to our customers and to society as a whole.
Since 1836, through the commitment of our people, we have consistently delivered high quality services and offered competitive, value for money products. We want to continue to provide people with financial solutions and services that allow them to plan for their future, to deal with the most exciting, critical or difficult financial moments in their lives.
Our vision is to be the outstanding risk, savings and investment management group.
To achieve our vision we will produce low cost, high quality products that reflect the needs of our customers at various key stages of their lives.
We are a complex business, with a broad distribution strategy. Therefore, we work hard, every day, to deliver on our promise to our customers and distribution partners to make financial security easier to achieve.
Why? Because, every day we help people make the decisions that matter, decisions that often define the future quality of their lives.
And, building positive long-term relationships with the people who buy and sell our products and services is crucial to the ongoing success of our business. We work hard to make sure that they all benefit from choosing us.
We make a promise that, everyday, we will help make financial security easier to achieve.
The current uncertain financial climate is the greatest concern for many people. Having financial provision and financial protection for everyday needs as well as the unexpected, is even more of a necessity.
Add to this the changing relationship between the individual and the traditional functions of the welfare state, and there is an urgent need for us to take a 'socially responsible' leadership position in our industry. We must act as a catalyst for economic improvement that benefits society at large.
We believe that, in addition to our role of delivering products and investment returns to our customers and shareholders, as a business, we have a responsibility to take a position of leadership in broader society. We must ensure that we relate to the day-to-day lives and concerns of our customers, and help guide any companies that we invest in to do the right thing. This is our social purpose.