Legal & General Share Discussion Threads

[123trev] 30/10/2024 18:50

Well just back from the pub thought I’d watch the show there surprised this rose for that short moment of madness nothing good for L&G far from it. The first of the biggies out of the way putting pensions into IHT from 2027 the next budget will see the residence nil rate band cut or completely abolished then a limit placed on isa earnings before they are subject to tax it’s almost like they want certain people to just spend their money!

[jubberjim] 30/10/2024 16:40

It will take some time for the abacus pushers to come to any conclusion.

There are still a lot of variables and a distinct lack of coherent thought anywhere.

With that in mind I am mothballing my calculator and will be returning to the fray at a later date.

My next major chunk of dividends will appear beginning in March so will sit back and watch the shenanigans in the meantime.

Next up U S Presidential election have left my bids and offers and will leave it to powers that be.

I just can't make head nor tail of it neither can I be bothered

[tornado12] 30/10/2024 16:15

The spending plan of 70 Billion, for sure has an impact from the market and the extra short term debt pile. We have to see if this moves create growth or are we in another TAX & SPEND cycle without growth and efficiency.. then will be a double disaster :-(

[mcunliffe1] 30/10/2024 16:04

I'd not expected a drop, but I had expected a rise in the share price across most of my holdings. Hasn't happened unfortunately. As her speech proceeded my SIPP rose in value, but by the end of her speech and Rishi's very powerful retort the SIPP was back to last night's closing position.

I guess the detail of some aspects are in her budget but not in her speech.

Time will tell.

[tornado12] 30/10/2024 15:57

well I am relieved they have not made a major attack on the pensions, apart the IHT impact. But the plan for such level of Tax and spend comes with risks and I guess we will see this in time through inflation, jobs and growth. For me its the wait and see approach from the markets moving fwd, but no major drop in Market (my biggest fear) GLA

[fionascott1234] 30/10/2024 15:32

That has been quite a reversal in price from being 6.2p up. Mind you we were quite dizzy up there to be fair.

[rongetsrich] 30/10/2024 14:56

I'll send it to you, your need and my gift. Enjoy my gifted protein, share it with that starving family.

[pierre oreilly] 30/10/2024 14:10

Rong and Ronger, you should be in a good mood after the 1p off a pint. That's a few hundred quid a week you will be saving.

[rongetsrich] 30/10/2024 13:58

Like Peter knows!!

[pierre oreilly] 30/10/2024 13:56

Good logic spawny which seems to be paying off.

[rongetsrich] 30/10/2024 13:55

Peter, wrong thread.

[pierre oreilly] 30/10/2024 13:52

Not sure where we were talking about ISAs last week, but it looks like they have escaped for another year at least.

[yf23_1] 30/10/2024 13:46

I can't see how making pensions liable to IHT benefits LGEN as people will now start spending them rather than passing them on ?

[mcunliffe1] 30/10/2024 11:45

Can't answer that net but I suspect the likes of ABDN, LGEN and PHNX (I hold all three) are depressed in part because of the market lethargy and in part because so much money has been withdrawn ahead of the budget, probably to avoid CGT and a cut to the 25% tax free draw from pensions.


My sincere hope is that after the budget, when we all appreciate it to be bad but perhaps not quite as bad as Labour have hinted, much of that money has to find a home again and hence the platforms/pension companies will benefit.

We'll know by 4:30pm today I guess.

[netcurtains] 30/10/2024 07:10

Do we know why LABOUR'S rise in CAPITAL GAINS TAXES affects pension/insurance/Investment Management companies such as LGEN "so badly" (at least the market thinks so)?

[fionascott1234] 29/10/2024 16:22

Yet again it is a sea of red.Like Liz Truss or equivalent is back in charge.

[adejuk] 29/10/2024 13:08

uk financials will suffer, short term, from the us election.
whatever the outcome the civil strife will be painful
so glad to not be american

[123trev] 29/10/2024 11:58

Could be wrong of course but isn’t this budget supposed to be the biggest tax grab in UK history? Markets hate uncertainty but they’ve pretty much been told already what’s coming they may put some of it off to ease the pain but it’s coming and more in my opinion stay cash for the time being would be the most sensible option.

[spawny100] 29/10/2024 11:41

Well I've just doubled up here based on my feeling that it's always darkest before the dawn and markets will breathe a sigh of relief tomorrow whatever is actually in the budget.

[123trev] 29/10/2024 11:33

They will take this down a lot more by the end of the day and tomorrow I suspect!!!!

[123trev] 29/10/2024 11:24

The jaws theme springs to mind here get out of the water lol.

[jubberjim] 29/10/2024 05:22

Had to look up "quotidian" not a word I have come across in everyday parlance

So have learned something, Thanks for that.

Not long now but am more focused on USA elections as think might have a greater bearing on how stock markets react.

Have a good week

[jubberjim] 28/10/2024 14:54

In these trying turbulent times and in the absence of any defined knowledge will stick with caution and stay in cash until there is some clarity.

Thanks for heartfelt advice but I will stick to what I know and think.

I have my levels and nothing so far persuades me to abandon them.


It will all come out in the wash.

[anhar] 28/10/2024 10:35

On a whim
And looking for some good news.

Have noticed shorts increasing elsewhere but so far Lgen not attracting any further bets against them.

A glimmer of hope ?...

You are way too short term in your approach, overly concerned with quotidian events which are really of little or no concern. So forget about "shorts", they're just something to wear in hot weather, or other irrelevances which you think matter, but don't really.

Imo the only way you are likely to score from LGEN (and most shares) is to hold long term and reinvest divis either in this or other holdings. Even then there are no guarantees but I think the odds of success are very much improved. Thinking very short term, worrying about things that don't matter and reacting to them is I think a loser's approach for the great majority.

[123trev] 28/10/2024 00:19

Yes I’m hoping every investor here panic sells so I can get their 0.010000000000p lol.