As of 1st January 2022, Legal & General Retail Retirement and Legal & General Insurance (our two retail businesses) have been combined into one division, Legal & General Retail, to enable us to better serve the needs of our retail customers.

Legal & General Retail helps protect the lives and futures of our customers; the division covers the savings, protection and retirement needs of our c12 million retail policyholders and workplace members. In 2021, we wrote £957 million of annuity premiums, and issued £848 million of Lifetime Mortgages and Retirement Interest Only Mortgages. Our Workplace pension platform served 4.4 million members, while in the UK we paid out a total of £1,133.8 million in insurance claims.

 

Guaranteed income

We’re a long-standing provider of annuities and ranked amongst the FTSE top 100 companies.

As one of the leading providers in the retirement income space, we have a range of products offering guaranteed income for life and fixed income plans.

As of September 2022, we had more than 956,000 annuity customers.

In the 12 months to September 2022, we paid our customers over £2.8 billion in pension annuity income.

We remain committed to the retirement income market, it's advisers and their clients.

Later life mortgages

We've transformed the later life mortgage market since our entry in 2015.

Our proven track record and multi award winning products help prove our drive to change and improve the later life mortgages marketplace.

As of October 2022, we've lent over £6.1 billion and helped over 110,000 customers get a later life mortgage.