This is the second time the same thing has happened already in the last 6 months

#context

The work provided income protection insurance declined the claim there as well. Due to dodgy admin at their end and.y GP.

THEY are called #legalandgeneral

They ought to be renamed

#illegalandspecific

🖕

Legal & General Legal & General are a leading UK financial services provider, offering life insurance, pensions, retirement and investment services. Get a quote today.

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That moment when you spot something at the side of the road worth a snap. A walking #legalandgeneral advert, outside #swanseabuildingsocietyarena 😂😂😂 #happysnapper #throughthecarwindow #photos #rainyday #ontheroad #traffic #cars #insurance

UBS cuts Legal & General to "neutral," warns high payouts mask risks Investing.com -- UBS has downgraded Legal & General Group Plc (LON:LGEN) to “neutral” from “buy,” keeping its 12-month price target unchanged at 275p, in a note dated Tuesday. The brokerage said the insurer’s valuation has now caught up with its estimates and that the capital returns on offer adequately offset risks rather than provide upside. The analysts expect L&G to return £5.3 billion, equal to more than 35% of its market value, to shareholders over the next three years through dividends and buybacks. That figure includes £1.25 billion of one-off returns from the sale of its U.S. business, non-core asset disposals and a reduced investment in new business. Stripping out those exceptional items, the expected all-in yield of about 10% is not covered by earnings or capital generation in the near term. UBS forecasts payout ratios above 100% until 2027. The report flagged risks tied to L&G’s high payout, its sensitivity to credit events and its relatively low excess yield compared with its historical average. The solvency ratio is projected to fall 17 percentage points to 200% by 2027 as a result of capital returns and new business strain, while shareholders’ equity is forecast to decline by £0.7 billion in the same period. UBS also cut its earnings estimates, citing continued negative investment variances of about £400 million annually. Reported diluted EPS is forecast at 15.06p for 2025, down 36% from a prior estimate of 23.46p. Despite the downgrade, UBS noted L&G will still deliver among the highest capital returns in the U.K. life sector. However, it said those returns are now fairly priced given the risks. With LGEN making headlines, savvy investors are asking: Is it truly valued fairly? In a market full of overpriced darlings, identifying true value can be challenging. InvestingPro's advanced AI algorithms have analyzed LGEN alongside thousands of other stocks to uncover hidden gems. These undervalued stocks, potentially including LGEN, could offer substantial returns as the market corrects. In 2024 alone, our AI identified several undervalued stocks that later surged by 30 or more. Is LGEN poised for similar growth? Don't miss the opportunity to find out.

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Legal & General targets £600 mln operating profit by 2028 Investing.com -- Legal & General Group PLC (LON:LGEN) on Tuesday unveiled its asset management outlook for 2028, projecting operating profit to reach between £500 million and £600 million, representing a compound annual growth rate of 6-10% from 2024 to 2028. The financial services company expects fee-related earnings to account for 70-75% of its asset management business by 2028, according to the company’s deep dive presentation on its asset management division. Legal & General also set targets for its private markets segment, aiming to grow assets under management in this area to more than £85 billion by 2028. Looking at shorter-term projections, the group forecasts 6-9% growth in core operating earnings per share for 2025. These targets form part of Legal & General’s strategic roadmap as the company positions itself for growth across multiple business segments over the next four years. LGEN: A Bull or Bear Market Play? Don't miss out on the next big opportunity! Stay ahead of the curve with ProPicks – 6 model portfolios fueled by AI stock picks with a stellar performance this year.. In 2024 alone, ProPicks' AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech Stocks, and Mid Cap stocks, you can explore various wealth-building strategies. So if LGEN is on your watchlist, it could be very wise to know whether or not it made the ProPicks lists.

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Legal & General initiates a £600M buyback of its 2045 subordinated bonds following a new sterling-denominated Tier 2 bond issuance.

#finance #legalandgeneral #L&G #stocks #insurance
#business #investment #investing

Japan’s Nomura Real Estate strikes deal with L&G to enter UK housing market LONDON (Reuters) - One of Japan’s largest property developers has struck a deal with Legal & General (LON:LGEN) to build more than 1,000 homes in Britain’s rental housing market, where demand for properties far exceeds supply. It’s Nomura Real Estate’s first foray into the UK rental home market, which has seen increasing foreign interest in recent years, with U.S. firms Blackstone (NYSE:BX) and PGIM among those that have been pouring in cash. Britain’s rental market offers the prospect of long-term returns and institutional investment is playing catch-up compared to markets like Germany and the United States where bigger landlords are more common. The partnership has acquired its first site in south London to build more than 200 homes, with the remainder of the 1,000-plus homes to be delivered across other sites over five years, an executive at L&G told Reuters. "This is a significantly under-supplied market," said Bill Hughes, global head of private markets at L&G. "We expect we’ll learn things from Nomura due to their experience," he added, citing its focus on design efficiency and developing at scale in Japan. Nomura Real Estate, which is backed by Japanese banking giant Nomura, will invest hundreds of millions of pounds initially in the venture, providing most of the capital, with the British firm providing the remainder, an L&G spokesperson said, declining to give further details. The partnership will initially target sites in central London, focusing on brownfield and underutilised land, L&G said, with the homes to be developed and operated by the British firm. The deal deepens L&G’s ties to Japan, after it separately struck a unit sale and U.S. insurance tie-up with Meiji Yasuda last month. L&G has also previously worked with Mitsubishi Estate (OTC:MITEY) on several UK property projects. L&G wants to expand its rental homes business, and has 23 complete or under development schemes across 15 UK cities. Last year it sold UK housebuilder arm CALA, which specialises in building homes for sale.

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L&G warns housebuilding drive needs decade to tackle housing crisis at current pace Group taps Greater Manchester Pension Fund to boost coffers but warns push for affordable homes must move faster Bosses at the insurance and pensions group Legal & General, which invests in and builds homes, said it will take more than a decade to tackle…

#LegalandGeneral #Constructionindustry #Infrastructure L&G warns housebuilding drive needs decade to tackle housing crisis at current pace: Group taps Greater Manchester Pension Fund to boost coffers but warns push for affordable homes must move faster

Bosses at the insurance and pensions group…