Legal & General Offload Their Insurance Portfolio
Legal & General have agreed terms with ReAssure for the transfer of their traditional insurance-based savings, pensions, life and with profits business to ReAssure.
If this goes ahead (and there is no reason why it should not) investors with these plans will be managed by a run off provider.
Without casting aspertions on run off providers, we would not wish to have with profits or other investment funds with a company which doesn’t seek new business and therefore has absolutely no incentive to keep costs down, or manage funds successfully.
If you think you are affected by the transfers and would like advice, please get in touch.