20th Dec 2006 12:28
Legal & General Group PLC20 December 2006 Legal & General Pensions Limited receives FSA authorisation As announced on 15 November 2006 at its Capital & Cash flow presentation, Legal & General has established a new reinsurance company to accept its pensionsbusiness. We are pleased to confirm that FSA authorisation has now beenreceived. The new company, Legal & General Pensions Limited, will reinsure Legal & GeneralAssurance Society's UK non profit pensions business which is predominantlyannuities. With the new structure Legal & General aims to create a moreefficient vehicle to support its annuity business, particularly in light ofopportunities opening up in the corporate pensions marketplace. Enquiries to: Investors: Jonathan Maddock, Head of Investor Relations 020 7528 6298Nicola Marshall, Investor Relations Manager 020 7528 6263 Media: John Morgan, Media Relations Director 020 7528 6213 07798 604951 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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