Legal & General Retail helps create brighter financial futures for all our customers. The division covers the savings, protection and retirement needs of our c.13 million retail policyholders and workplace members.
In 2022, we had total individual annuity sales of £954 million, and issued £632 million of Lifetime Mortgages and Retirement Interest Only Mortgages. Our Workplace pension platform served 4.9 million members, while our Protection businesses gave peace of mind to more than 6.3 million UK life insurance, 1.8 million group and 1.5 million US customers, taking in £3.1 billion of gross written premiums.
Annuities
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 end of June 2023, we had more than 986,636 annuity customers.
In the 12 months to end of June 2023, we paid our customers over £3.2 billion in pension annuity income.
We remain committed to the retirement income market, it's advisers and their clients.