L&G capitalises on bank retrenchment

UK insurer named insurer of the year at 2014 awards

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Awards 2014: Legal & General
Insurer of the year

The reshaping of the financial services industry has presented both opportunities and threats for Legal & General (L&G), and the firm has dealt astutely with both.

On one hand, the firm has faced challenges such as the announcement in March of changes to UK rules on compulsory annuitisation for pensions, which came as a bombshell to the industry and caused L&G's share price to fall 8% in a single day. On the other, the company has benefited from th

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