History of success
1990s
- Introduction of guaranteed stockmarket investments
- Restructuring of all sales channels and creation of Legal & General Direct
- Assets under management in excess of £82 billion
- First PEP introduced (now ISA)
- Launched Full Stakeholder Transferability
1990
- Sale of Victory reinsurance business to Nederlandes Reassurantie Group Holding NV
1991
- Transfer of business of Legal & General (Unit Assurance) Limited and Legal & General (Unit Pensions) to the Society's long-term fund
1992
- The Group transfers its UK investment business to the Society's long-term fund
1995
- Joint venture with the Woolwich Building Society to provide Woolwich customers with a range of household, buildings and contents policies
1996
- Legal & General Assurance Society's articles amended on 1 February to allow distribution to be made to shareholders which better reflects their interest in the life and annuity business
- Sale of commercial lines general insurance business to Guardian Insurance a range of household, buildings and contents policies
1997
- Legal & General Bank offers deposit accounts
- Launched website
1998
- Growth & Protection PEP sold £132 million
- Legal & General Australia sold
- Bank deposits total £942 million
1999
- First company to provide Stakeholder pension guarantee
- Electronic Company of the Year - Financial Adviser
- Life Insurer of the Year - British Insurance Awards
Criteria for some awards may include fund performance. Where this is the case, please note that past performance is not a guide to future performance.
