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42%
of bulk purchase annuity
business comes from
LGIM clients
Synergy matters because it enables us to deliver better products, making best use of all the resources which exist across the Company, and deliver better services and returns for customers and shareholders, for each individual customer or corporate client. Individuals and companies do not necessarily compartmentalise their various financial requirements. They benefit from dealing with an organisation like ours which can understand and address the broader picture.
Utilising synergies benefits all parties. For example, individual customers of our Savings division benefit from [LGIM]’s institutional fund management expertise.
67%
of maturing pension
schemes purchase
L&G annuity
Customers who have had a positive pensions experience with our Savings division are likely to look favourably on an annuity proposition from our Risk division when the time comes to annuitise.
Corporate customers looking to execute a pension buyout benefit from the combination of Risk’s longevity expertise and LGIM’s investment skills: a package which we can deliver as a result of utilising synergies and sharing skills and resources across our business divisions.
25%
of group new business
[APE] comes from
internal introductions
Synergies also exist between each operating division and the corporate centre. Each business benefits from shared central resources: the strength of the balance sheet and risk management, and our powerful brand being prime examples. Each of our businesses can and does help the others, and this adds value to the Group as a whole.
