Assets under management
Direct UK investments
For nearly 200 years we have provided financial services to customers across the UK, and now the US. As the UK’s largest provider of individual life insurance products and the biggest manager of corporate pension schemes we are experts in safeguarding people’s financial futures.
Our purpose is to improve the lives of our customers, build a better society for the long term and create value for our shareholders.
This shapes how we work and helps us create our vision of ‘inclusive capitalism’.
We are built on understanding people, how long they live, what risks they are comfortable with and their changing needs throughout life.
- £1tn+ Assets under management
- The UK’s largest life insurer
- Number 1 provider of UK lifetime mortgages
Works with companies, pension fund trustees and advisers to protect the corporate pensions of people who are in, or are approaching retirement by providing secure pension incomes
Helps individual customers who are looking for financial security in later life by providing annuities and lifetime mortgages
Manages shareholder and customer assets, aiming to improve returns through putting money into direct investments.
We provide investment management services for many of the UK’s biggest corporate pension schemes, with assets of over £1tn.
Our Investment Management business is one of Europe’s leading asset managers. We are the UK’s leading investment manager for defined benefit pension schemes offering a wide range of strategies to help clients manage their investment objectives. In the UK we’re a market leader in auto-enrolled pensions and have a growing retail fund business. We have a rapidly expanding US business and a growing presence in other international markets. Our scale brings responsibilities, which is why LGIM plays an active role in the companies we invest in, from exercising shareholder voting rights to directly engaging with companies at board level.
For nearly 200 years, our insurance business has helped people safeguard their families' financial futures through providing insurance covering life, critical illness, disability and long-term sickness.
Our long-term plans are driven by six ‘global growth drivers’:
People are living longer, which means that pension savings need to last longer. By 2040, the number of people in the UK aged 75 and over is estimated to rise to nearly 10 million. We help companies who have DB pension schemes de-risk their pension liabilities. This means that members' pensions can be paid on time and in full.
Globalisation of asset markets
Global wealth assets are valued at over $80 trillion. Our share is around 1.2% (and growing) as we export more of our skills internationally. Our international businesses are expanding across the US, Europe, the Gulf and Asia. We can use our market leading asset management and risk management skills in other locations around the world.
Creating real assets
Due to years of under-investment, there is an urgent need to invest in infrastructure and urban regeneration. Assets need to be invested over the very long term so we can improve returns for shareholders, provide pension holder security and breathe life back into areas which once thrived, which also includes helping towards solving the housing crisis.
Many families that rely on state benefits struggle to survive financially following the death, disability or long-term sickness of a loved one. People need help to save more for retirement and to build financial independence. By providing insurance that covers life, critical illness, disability, long-term sickness, , we help people protect themselves from financial trouble.
As consumer tech continues to evolve, so does the way we all manage our finances. We want to be a market leader in offering consumers digital access to life insurance personal investments and their retirement assets. At the same time we need to give our customers an excellence in service delivery at a low cost, achieved through efficient digital operating models. Our developments of emerging technology - including blockchain - will raise efficiency levels for both customers and businesses.
In recent years, equity investment capital has been in short supply. The UK needs investment in modern, digital start-up businesses to create jobs and stimulate economic growth. We are committed to investing in SME businesses over the long-term - providing support to the UK economy, creating jobs, long-term infrastructure, better housing and available capital to fund start-up businesses.