Legal & General Group PLC

Legal & General Group Plc provides various insurance products and services in the United Kingdom, the United States, and internationally. It operates through Institutional Retirement, Asset Management, Insurance, and Retail Retirement segments. The Institutional Retirement segment offers annuity contracts with guaranteed income for a specified time; longevity insurance products; and writes assured payment policies (APP). The Asset Management segment provides unit linked institutional pensions, segregated investment management mandates, and collective investment schemes; index fund management; pooled and segregated active fixed income funds; active equity management; solutions for cash management requirements for institutional investors; solutions and liability driven investment; multi-asset funds; private markets strategies for physical real estate, private corporate debts, infrastructure debts, and real estate loans; and direct investment services. The Retail Retirement segment offers protection products, such as health, disability, critical illness, and accident; annuities; lifetime mortgages; lifetime care plans; retirement interest only mortgages; and workplace and retail savings scheme that provides corporate pension scheme solutions. Legal & General Group Plc was founded in 1836 and is headquartered in London, the United Kingdom.

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Lloyds Banking Group Chief Risk Officer Stephen Shelley to Retire in October 2026

Lloyds Banking Group announced that Group Chief Risk Officer Stephen Shelley plans to retire in October 2026 and will join Legal & General Group Plc as an independent non-executive director. The move triggers a scheduled senior leadership change in the bank's risk function, with the long notice period pointing to an orderly transition. Lloyds is currently executing buybacks, reported £3,065 million in half-year net income, and recommended a higher interim dividend for 2026. The next Group Chief Risk Officer will inherit a balance sheet that analysts see as carrying pressure points such as UK concentration and conduct risk, making the successor's approach key to the bank's Accelerate 2030 plan.

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