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L&G turns to EY for CFO hire

Legal & General has appointed EY senior partner Jeff Davies as group chief financial officer, replacing Mark Gregory.

Davies, who leads EY’s European Risk and Actuarial Insurance Services practice, will start the role in spring.

Previously, he held senior actuarial roles at Swiss Re Life & Health.

Gregory will step down once Davies joins L&G but he will stay with the company until 31 August.

L&G group chief executive Nigel Wilson says: “I very much look forward to Jeff joining the executive management team, and working together as we continue to successfully implement Legal & General’s growth strategy. I would also like to thank Mark for the terrific job he has done as group chief financial officer.”



L&G completes £1.1bn Rolls-Royce pension buyout

Legal & General has completed its largest pension risk transfer deal this year with the £1.1bn buyout of a Rolls-Royce pension scheme covering over 11,000 members. The buyout relates to the Vickers Group pension scheme, after Rolls-Royce acquired engineering group Vickers in 1999 in a £576m deal. Rolls-Royce has been working with Legal & General […]

uk equities

L&G embarks on campaign for pay transparency

Legal & General Investment Management wants FTSE 350 bosses to meet with employees once a year to justify their company’s pay practices. According to the Telegraph, the fund manager has written to the companies in recent weeks to lay out a campaign to make executive pay more transparent. LGIM’s proposals include publishing the difference between top […]


L&G forms trans-Atlantic insurance division

Legal & General has formed a new trans-Atlantic insurance division to bridge its UK and US offerings. Legal & General Insurance will be led by Bernie Hickman, who became L&G Home Finance chief executive and Individual Retirement managing director in 2014 and has held roles at the company including UK Protection managing director, group financial controller, and investor […]

Converting pension savings to a retirement income…

Since last year’s reforms to pension legislation, a significant number of retirees have chosen income drawdown over purchasing an annuity. Income drawdown is more flexible than an annuity. However, it also increases the likelihood that individuals won’t be able to maintain their income throughout their lifetime. In this short video, we explain the risks that […]

Help, I’ve been appointed as a trustee. What are my responsibilities?

Graeme Robb, Technical Manager at Prudential looks at the key duties and responsibilities of a trustee.  This article will consider the following: Duties to be performed on appointment Investment duties Protecting the interests of beneficiaries Keeping accounts and records Distributing property to beneficiaries Duties to be performed on appointment Obtain a copy of the trust […]


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