18th May 2006 14:00
Legal & General Group PLC18 May 2006 18 May 2006 Annual General Meeting of Legal & General Group Plc. Legal & General Group Plc ("the Group") held its Annual General Meeting today atThe Plaisterers Hall, No. 1 London Wall, London EC2Y 5JU. In addressing the meeting Rob Margetts, Chairman, noted that there wasincreasing evidence that people are saving more. This was reflected in strongUK new business results for 2005 and for the first quarter of this year. Heemphasised the need for a stable environment in the UK for the Group to operatesuccessfully and profitably and looked forward to the release of the GovernmentWhite Paper on pension provision. Tim Breedon, who was appointed Group Chief Executive from 1 January 2006,commented on the Group's strategy and operational strengths, not least amongstthem being the ability to evolve to meet the challenges of the future whilstretaining the experience and values built up over many years. He added that theGroup Board had decided to align the responsibilities of its senior executivesmore closely to the way in which the Group saw its business evolving. As aconsequence, Kate Avery, currently Group Director (Retail Distribution) willbecome Group Executive Director (Wealth Management) while John Pollock,currently Group Director (Product & Corporate), will become Group ExecutiveDirector (Protection & Annuities). Both will continue to report to Robin Phipps,Group Executive Director (UK). The Chairman's speech together with that of the Group Chief Executive and theaccompanying slides will be available shortly at http://investor.legalandgeneral.com/agm.cfm All the resolutions put to the Annual General Meeting were passed withoverwhelming majorities. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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