Risk management.

Understanding the risks implicit in our business and the markets in which we operate provides us with real competitive advantage.

MISSION AND PURPOSE OF RISK MANAGEMENT

“As well as providing objective challenge, my role as Group Chief Risk Officer is to provide the framework, processes and tools that help Legal & General managers to take informed risks. By helping managers to understand the Group’s risk appetite, how it relates to their business and our target returns, we can be confident in our risk taking.”
SIMON GADD
GROUP CHIEF RISK OFFICER

Our risk management framework seeks to support our business ambitions, enabling us to select those risks that can give us sustainable returns and closely managing those risks that are unrewarded, and to optimise the capital that we hold so that we can deliver our strategy.

We have structured our reporting around four sections:

1 Setting our overall approach to risk –
   
OUR RISK CULTURE

2 Discussion of risk profile –
   
OUR RISK LANDSCAPE

3 How we manage risks –
   
OUR RISK MANAGEMENT FRAMEWORK

4 The residual risks that remain –
   
OUR PRINCIPAL RISKS AND UNCERTAINTIES