Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksLegal & General Share News (LGEN)

Share Price Information for Legal & General (LGEN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 231.10
Bid: 231.90
Ask: 232.10
Change: -0.20 (-0.09%)
Spread: 0.20 (0.086%)
Open: 231.20
High: 232.60
Low: 228.70
Prev. Close: 231.30
LGEN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Legal & General the top pick in changing UK life insurance sector, says Berenberg

Thu, 17th Apr 2014 12:51

Berenberg has said that Legal & General remains its 'preferred play' in the life insurance sector following the recent major shake-up of the annuity and savings markets in the UK.The broker called it a "brave new world" for the industry which will be transformed by the end of quasi-compulsory annuitisation, the introduction of a corporate pension fee cap, and the Financial Conduct Authority's inquiry into pre-2000 savings and insurance products. "While the fall-out from the changes will undoubtedly affect sales and sentiment in the near term, this appears to be manageable and, looking further forward, we expect the impact to be more positive. "Having more flexible pensions should encourage longer-term savings volumes, with lower fees adding a positive tailwind. Overall, we expect this to drive an acceleration of the transition towards a low-cost, scale approach, with consolidation likely to follow - we expect the UK insurance and savings landscape to ultimately become a highly regulated, highly commoditised, oligopolistic marketplace."Legal & General, rated 'buy', provides an "attractive entry point" given its recent sell-off, Berenberg said, adding that the company is "well placed to meet the ever-changing UK life insurance landscape".The other key 'buy' in the sector is Prudential due to its Asian growth engine, the broker said.Closed life consolidator Resolution has been raised from 'sell' to 'hold', with "limited downside risk" now seen from the stock's current level. However, Aviva is still rated as a 'sell' by Berenberg given that expectations - especially for dividends - "are getting ahead of themselves". The broker said that the stock is fully valued compared with the sector.A 'hold' recommendation has been left on Phoenix Group and Standard Life, while St James's Place has been kept at 'buy'.BC
More News
24 May 2023 16:18

'Soft compulsion' needed to nudge pension cash into UK companies, says L&G

LONDON, May 24 (Reuters) - Britain has been investing in the wrong things for two decades and 'soft compulsion' is needed to nudge pension fund money towards growth sectors, a top investment executive said on Wednesday.

Read more
21 May 2023 14:45

Sunday newspaper round-up: The Restaurant Group, Severn Trent, Facebook

(Sharecast News) - The Restaurant Group, owner of the Wagamama chain, is under increasing pressure to break up after TMR Capital proposed last week to management that it sell all its brands save that one. TMR was the fourth activist shareholder to make the case for change. Under the plans presented by TMR, Restaurant group should then focus on expanding the chain before going private via a sale. The clash on strategy comes amid a surge in the cost of ingredients, energy and salaries. - The Sunday Telegraph

Read more
15 May 2023 10:04

ISS advises Glencore shareholders to vote against climate progress report

LONDON, May 15 (Reuters) - Glencore's investors should vote against the global miner and trader's climate progress report and in favour of a shareholder resolution seeking more disclosure on thermal coal, proxy advisor Institutional Shareholder Services (ISS) said.

Read more
11 May 2023 15:44

UK shareholder meetings calendar - next 7 days

Friday 12 May 
Balfour Beatty PLCAGM
Derwent London PLCAGM
Goodbody Health LtdAGM
GreenRoc Mining PLCAGM
Hutchmed (China) LtdAGM
Itim Group PLCAGM
Itsarm PLCGM re delisting from AIM
Wheaton Precious Metals CorpAGM
Monday 15 May 
GCP Asset Backed Income Fund LtdAGM
Tuesday 16 May 
accesso Technology Group PLCAGM
Chesnara PLCAGM
Dialight PLCAGM
Equals Group PLCAGM
Essentra PLCAGM
FDM Group Holdings PLCAGM
iEnergizer LtdGM re proposed cancellation of admission to trading on AIM
IQGeo Group PLCAGM
Kakuzi PLCAGM
PYX Resources LtdAGM
Synthomer PLCAGM
TI Fluid Systems PLCAGM
Vector Capital PLCAGM
Wednesday 17 May 
Alpha Group International PLCAGM
Aston Martin Lagonda Global Holdings PLCAGM
Baillie Gifford Shin Nippon PLCAGM
Cenkos Securities PLCGM re all-share merger between Cenkos and finnCap
Coats Group PLCAGM
Coca-Cola HBC AGAGM
Computacenter PLCAGM
Conduit Holdings LtdAGM
EKF Diagnostics Holdings PLCAGM
finnCap Group PLCGM re all-share merger between Cenkos and finnCap
Gamma Communications PLCAGM
Georgia Capital PLCAGM
Greggs PLCAGM
HgCapital Trust PLCAGM
Highcroft Investments PLCAGM
Impact Healthcare REIT PLCAGM
Just Eat Takeaway.com NVAGM
Keller Group PLCAGM
LMS Capital PLCAGM
Mpac Group PLCAGM
Savills PLCAGM
Tortilla Mexican Grill PLCAGM
TP ICAP Group PLCAGM
WPP PLCAGM
Thursday 18 May 
Asimilar Group PLCAGM
Belvoir Group PLCAGM
Bridgepoint Group PLCAGM
Central Asia Metals PLCAGM
Ceres Power Holdings PLCAGM
ConvaTec Group PLCAGM
Diaceutics PLCAGM
Digital 9 Infrastructure PLCAGM
Fintel PLCAGM
Genuit Group PLCAGM
Inchcape PLCAGM
Invesco Asia Trust PLCAGM
Legal & General Group PLCAGM
Lloyds Banking Group PLCAGM
musicMagpie PLCAGM
Next PLCAGM
NIOX Group PLCAGM
PensionBee Group PLCAGM
Public Policy Holding Co IncAGM
Quilter PLCAGM
Riverstone Energy LtdAGM
Safestyle UK PLCAGM
Science Group PLCAGM
Secure Trust Bank PLCAGM
Smart Metering Systems PLCAGM
Somero Enterprises IncAGM
St James's Place PLCAGM
Tyman PLCAGM
Unite Group PLCAGM
Vesuvius PLCAGM
Vistry Group PLCAGM
Yu Group PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
11 May 2023 11:38

Glass Lewis joins call for increased Glencore disclosure on coal

LONDON, May 11 (Reuters) - Proxy adviser Glass Lewis has urged investors in global miner and trader Glencore to support a shareholder resolution asking for more disclosure on thermal coal production.

Read more
5 May 2023 11:01

Investors irked by Glencore's stance on thermal coal AGM vote

Investors seeking more information on thermal coal plans

*

Read more
4 May 2023 13:47

Investors managing $10 trln urge faster corporate action on plastics

Amundi, Pictet, Bailard among those signing statement

*

Read more
25 Apr 2023 17:58

Top US banks face little investor pressure on fossil-fuel financing

April 25 (Reuters) - Top U.S. bank investors gave only slim support on Tuesday to shareholder resolutions calling for the lenders to wind down new fossil fuel financing, setbacks for climate activists who had hoped for new constraints on the oil and gas industries.

Read more
25 Apr 2023 11:00

Top US banks face calls to wind down fossil-fuel financing

April 25 (Reuters) - Three large US banks face shareholder calls on Tuesday to wind down fossil fuel financing, a balancing act for them and their top investors who are also under political pressure from the other side to maintain support of the oil and gas industries.

Read more
20 Apr 2023 15:46

UK dividends calendar - next 7 days

Friday 21 April 
abrdn Private Equity Opportunities Trust PLCdividend payment date
FW Thorpedividend payment date
JPMorgan Global Emerging Markets Income Trust PLCdividend payment date
Starwood European Real Estate Finance Ltdspecial dividend payment date
Monday 24 April 
no events scheduled 
Tuesday 25 April 
Invesco Asia Trust PLCdividend payment date
JPMorgan Emerging Markets Investment Trust PLCdividend payment date
JPMorgan Mid Cap Investment Trust PLCdividend payment date
Northamber PLCdividend payment date
Wednesday 26 April 
BlackRock World Mining Trust PLCdividend payment date
Close Brothers Group PLCdividend payment date
Thursday 27 April 
abrdn Asian Income Fund Ltdex-dividend payment date
Atrato Onsite Energy PLCex-dividend payment date
AVI Japan Opportunity Trust PLCex-dividend payment date
Bakkavor Group PLCex-dividend payment date
Bankers Investment Trust PLCex-dividend payment date
Bridgepoint Group PLCex-dividend payment date
Central Asia Metals PLCex-dividend payment date
City of London Investment Trust PLCex-dividend payment date
Coats Group PLCex-dividend payment date
CQS Natural Resources Growth & Income PLCex-dividend payment date
Croda International PLCex-dividend payment date
Derwent London PLCex-dividend payment date
Essentra PLCspecial dividend payment date
Fresnillo PLCex-dividend payment date
Greggs PLCex-dividend payment date
Gresham Technologies PLCex-dividend payment date
Haleon PLCdividend payment date
HSBC Holdings PLCdividend payment date
Legal & General Group PLCex-dividend payment date
LSL Property Services PLCex-dividend payment date
M&G PLCex-dividend payment date
ME Group International PLCspecial ex-dividend payment date
Morgan Sindall Group PLCex-dividend payment date
Mortgage Advice Bureau Holdings PLCex-dividend payment date
RELX PLCex-dividend payment date
Rightmove PLCex-dividend payment date
Robert Walters PLCex-dividend payment date
Senior PLCex-dividend payment date
Smart Metering Systems PLCdividend payment date
TT Electronics PLCex-dividend payment date
Tyman PLCex-dividend payment date
XP Power Ltdex-dividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
17 Apr 2023 07:05

Investors to urge UK firms to protect low-paid workers

Low paid disproportionately hit by high inflation

*

Read more
14 Apr 2023 23:00

Investors to urge UK firms to protect low-paid workers

Low paid disproportionately hit by high inflation

*

Read more
14 Apr 2023 13:43

Major investors back Hammerson in row with Lighthouse

(Sharecast News) - Two major investors have come out in support of shopping centre owner Hammerson amid demands from its biggest shareholder to speed up asset sales and resume dividend payments.

Read more
13 Apr 2023 14:10

L&G's fund arm to back climate votes at U.S., Canadian banks

Backs time-bound fossil fuel phase out at six banks

*

Read more
13 Apr 2023 11:14

L&G's fund arm to back climate votes at U.S., Canadian banks

Backs time-bound fossil fuel phase out at six banks

*

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.