Legal & General sanctions 130 companies over climate change foot-dragging
Four companies have also been axed from its portfolios
Company
Legal & General Group PLC
LON:LGEN
Legal & General Group PLC is a holding company for a group of risk, savings and investment management businesses. Its risk business is engaged in the provision of financial security for customers and their families, including life assurance, critical illness cover, retirement income, and buildings and contents insurance.
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There are solutions to gender pensions gap, analysts say
Taking out a Lifetime ISA could help to maximise savings, according to Hargreaves Lansdown
Women over 50 to retire with pension half the size of men’s, says Legal & General
The consequences of decades of gender pay gap and unpaid caring work build up into retirement
Shell's climate plans do not go far enough, says UK's biggest fund manager
LGIM is the UK’s largest fund manager with £1.2 trillion of assets
Institutional investors group calls for banks to set more ambitious ESG goals
Institutional Investors Group on Climate Change manages US$11 trillion in assets
Legal & General increases provisions for COVID-19 deaths due to new variants
The pandemic reduced operating profits by £228mln in the year to end-December
FTSE 100 falls short on ESG standards as no black people hold top roles
As a result, only ten of 297 leaders in the top three roles have ethnic minority backgrounds
Legal & General PLC downgraded by US bank Citi
Following the review, life and general insurer L&G is now rated as neutral
Legal & General sets out plan to grow dividends - from next year
Chief executive Nigel Wilson said his plan would deliver an “attractive combination of income and growth”
Legal & General issues ultimatum for FTSE 100 companies to diversify boards
The life insurer told FTSE 100 and S&P 500 companies that they should have at least one black, Asian and minority ethnic (BAME) director by January 2022
Legal & General keeps dividend flat as annuity sales remain strong
Earlier this year, a shareholders group warned that the life insurer should not pay a dividend because of the substantial bond market losses and coronavirus uncertainty it was facing
Legal & General determined to pay dividend despite shareholder group's bond warning
The life insurer is intending to pay a dividend worth £754mln next month
L&G target price raised by Citigroup in note questioning whether the insurer is “Safe as houses or a house of cards?”
“Bulls point to growth opportunities, competitive advantages, a strong track record of avoiding defaults and a solvency position that can absorb further shocks"
Legal & General: dividend growth fed by powerful trends and “mutually reinforcing combination”
The life insurer “has managed to marry together two major trends – bulk annuities and low cost tracker investing – into a powerful, mutually reinforcing combination,” said one analyst
Legal & General hikes dividend after cutting mortality expectations
Profits surged as the main 'Retirement' division won various bulk annuity deals, including from the likes of Rolls-Royce and National Grid
Archive
FTSE 100 closes higher as central banks stimulus hopes boost sentiment
Yesterday, the US Federal Reserve made an emergency rate cut in a bid to combat the effects of the wide-spread coronavirus
Archive
Legal & General results and FTSE 100 reshuffle eyed on hump day
Following last week's bloodbath for equities as a result of coronavirus fears, it is currently anybody's guess who could be demoted from the blue-chip index
Legal & General profits jump 11% but shares dip as non-annuity sales fall short of market expectations
The profit jump was helped by a bulk annuity deal signed in June between the FTSE 100 insurer and engine maker Rolls-Royce
Investments and investor services
FTSE 100 closes lower but BP top gainer after Q2 results beat expectations
The FTSE 100 index closed 39.84 points lower on the day at 7,646, while the midcap FTSE 250 index plunged almost 112 points to close at 19,774
Legal & General wins largest UK pensions risk transfer deal from Rolls-Royce
The transfer of £4.6bn of assets and liabilities relating to the engine maker's pensioners will reduce its post-retirement obligations by around £4.1bn