Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Legal & General Plc
  6. News
  7. Summary
    LGEN   GB0005603997

LEGAL & GENERAL PLC

(LGEN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Legal & General : L&G announces sale of a back-book of retail investment products to Fidelity International

10/23/2020 | 05:35am EDT

23 Oct 2020

Legal & General Group plc ('the Group') announces that it has today agreed the sale of a book of retail investment products within the L&G Personal Investing business to Fidelity International Ltd.

This back-book comprises c.300,000 customers and c£5.8bn of AUM held in legacy ISA, Junior ISA and General Investment account products that are invested in LGIM funds. This sale will not impact LGIM's intermediary retail business, clients or associated pension and investment products which will continue to operate as normal.

On transfer, customers will remain invested in Legal & General Investment Management ('LGIM') funds for which LGIM will continue to earn an investment management fee. The transaction therefore gives customers the best of Fidelity International's large scale administration and the LGIM investment expertise that they chose.

The transaction is expected to complete in the next 12 months.

The impact of this transaction on Group earnings and solvency is non-material.

For further information

Investors

Media

Disclaimer

Legal & General Group plc published this content on 23 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 October 2020 09:34:05 UTC


© Publicnow 2020
All news about LEGAL & GENERAL PLC
07/22LEGAL & GENERAL : New Legal & General Study on Millennials and Housing Finds Whi..
PU
07/21LEGAL & GENERAL : L&G achieves record office rent with Watford refurbishment sch..
PU
07/21LEGAL & GENERAL : acquires major modular homes scheme in Broadstairs, Kent
PU
07/19LEGAL & GENERAL : to develop major science and innovation district with Universi..
PU
07/15LEGAL & GENERAL : Modular Homes opens Selby show homes to public
PU
07/14LEGAL & GENERAL : Build to Rent Fund secures £265m debt facility from Lloyds, Na..
PU
07/14LEGAL & GENERAL : LGIM appoints State Street to provide Charles River Technology..
PU
07/14LEGAL & GENERAL : launches ‘Umbrella Benefits' including new Fracture Cove..
PU
07/13LEGAL & GENERAL : London in need of affordable housing to power recovery, say in..
AQ
07/13LEGAL & GENERAL : More work needed to shift the dial on levelling up according t..
PU
More news
Financials
Sales 2021 59 567 M 81 881 M 81 881 M
Net income 2021 1 927 M 2 649 M 2 649 M
Net Debt 2021 1 124 M 1 545 M 1 545 M
P/E ratio 2021 8,17x
Yield 2021 7,15%
Capitalization 15 661 M 21 545 M 21 528 M
EV / Sales 2021 0,28x
EV / Sales 2022 0,24x
Nbr of Employees 10 099
Free-Float 97,3%
Chart LEGAL & GENERAL PLC
Duration : Period :
Legal & General Plc Technical Analysis Chart | LGEN | GB0005603997 | MarketScreener
Technical analysis trends LEGAL & GENERAL PLC
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 263,90 GBX
Average target price 313,52 GBX
Spread / Average Target 18,8%
EPS Revisions
Managers and Directors
Nigel David Wilson Group Chief Executive Officer & Executive Director
Jeff Davies Group Chief Financial Officer & Executive Director
John Kingman Chairman
Lesley Mary Samuel Knox Independent Non-Executive Director
Philip Arthur John Broadley Senior Independent Director
Sector and Competitors
1st jan.Capi. (M$)
LEGAL & GENERAL PLC-0.86%21 933
THE BLACKSTONE GROUP INC.71.73%65 411
KKR & CO. INC.51.69%35 349
AMUNDI15.72%18 290
FRANKLIN RESOURCES, INC.17.25%16 733
THE CARLYLE GROUP INC.48.92%16 658