Legal & General announce new partnership with Principality Building Society.
21 September 2012
Legal & General is pleased to announce that it will be partnering with Principality Building Society as the main provider of financial services advice and products when the FSA Retail Distribution Review (RDR) is implemented in 2013. This arrangement will include individual Protection products and Structured Deposit products.
Chris Last, Managing Director, Legal & General Bank & Building Society Distribution said:
"I am delighted to announce this new partnership with Principality which endorses our dominant position in the building society sector. As experts in this field our success lies in our ability to deliver a fully rounded advice and service model, which offers our partners something unique, incorporating a choice of competitive products, market leading technology, excellent service, plus the strength of the Legal & General brand."
Stuart Deane, Managing Director of Distribution, Principality said:
"Having conducted a thorough review of the market we are delighted to work in partnership with Legal & General, who we are confident will deliver a leading solution that is able to meet the needs of our members. As a mutual society, we are fully committed to offering a comprehensive range of services to all our Members and customers and making sure these are available where they are needed, on the local high street."
Notes to editors
The information contained in this press release is intended solely for journalists and should not be relied upon by private investors or any other persons to make financial decisions.
The Legal & General Group, established in 1836, is one of the UK's leading financial services companies. As at 30 June 2012, we were responsible for investing £388 billion worldwide on behalf of investors, policyholders and shareholders. We also had over seven million customers in the UK for our life assurance, pensions, investments and general insurance plans.
Principality Building Society, is a mutual society established in 1860, is Wales's largest building society and the 7th largest building society in the UK.
The Society is committed to supporting the communities of Wales with 52 branches and 16 agencies in Wales.
The Society has assets of over £6 billion.
Principality is committed to remaining a mutual organisation.
For more information please contact:
PR Manager, Legal & General Group
t: +44 (0) 20 3124 2092
m: +44 (0) 7764 582574