Legal & General Share Discussion Threads

[rongetsrich] 15/11/2024 09:49

Have you done any research on LGEN at all?

[1robbob] 15/11/2024 09:31

No Trading/Results announcements due until the Finals on 12th March

FYI, this info can always be found on:
hxxps://group.legalandgeneral.com/en/investors

[kirkie001] 15/11/2024 08:29

Apparition1 - 100% solvency on a pensions regulator basis is a very different thing from 100% solvency on a Solvency II basis - which is the regime that the liabilities are moving into. That's why lots more pension schemes go bust than insurance companies.

Notwithstanding that; yes, annuities are tremendously profitable for insurance co's. But a lot of the profit comes from (a) the ALM, and (b) only comes back over time as the risk margin and capital requirements unwind.

[tornado12] 15/11/2024 07:23

I dont believe a Stalwart like LGEN is on any hedge funds radar at all. I have read today about the Mansion house dinner last night,seems a lot of talk, but no concrete action and timing. How many times has this been the case in the last years ? No faith in any quick wins over next few years at all

[jordaggy] 15/11/2024 03:34

My fear is that hedge funds will go on the hunt for companies with debt. It happened in 2008 and they made a killing. Are Lgen at risk? could be why the share price is heading down.

[tornado12] 14/11/2024 17:29

There is too little optimism in UK PLC, following the down-beat view from this government and the 70 Billion debt pile adding more risk to our future. Labour must change tactics, otherwise this spiral will only continue. The saving grace is that LGEN have a massive portfolio with long term income.... FTSE is the worst market in G7 at the moment

[p0pper] 14/11/2024 17:01

LGEN really on a downer, most ins co's up today, good old lgen same as yesterday

[netcurtains] 14/11/2024 16:43

If all UK stocks are seriously undervalued
then
what is fair value?
Its even to say LGEN is cheap but so is the entire FTSE....

Perhaps we're all in the hands of tracker funds...

[cyberian] 14/11/2024 16:25

In my opinion this stock is seriously undervalued and adding at every slight fall. We were at 230p nearly a month ago. I am following the growth predictions expressed by the AVIVA CEO this morning, and sense that the management here will make up lost ground with their equal mix of products/services. Maybe not quite as inspirational as Aviva but not that far behind and have attracted some very large pension management funds recently including from Boots.

[drunker50] 14/11/2024 15:08

Crazy to think, this little unloved stock, paying 9% + pa, yet you have people climbing over each other to buy the mag 7, but here's the crazy bit, the highest paying dividend from all the mag 7 stocks is Microsoft at 0.78%, and a few like Amazon/Tesla don't pay any dividends at all!!!...When the bottom falls from beneath the mag 7 and investors start looking for real value again that's when Lgen will start heading back to six quid, but unfortunately for now, it looks like this still has further downside.

[tornado12] 14/11/2024 13:30

Huckers, thanks for your comments. Always open and will take a look

[nerja] 14/11/2024 13:09

Was she expecting 75% ?

[mcunliffe1] 14/11/2024 12:52

tufty: my one piece of advice is thus:


assuming you are married and your wife does not herself have a personal pension, get divorced. Ensure that the financial settlement provides half of your pension value be given to your wife. This passed tax free.

Then, co-habit, re-marry event. You BOTH then have the ability to draw-down from your own half of your pension and can thus obtain more per year than would otherwise be the case whilst avoiding 40% tax rate.

I once ran this past a fin. adv. and he could see no flaw in it.

I have now been discharged from A&E as my wife was less enthusiastic.

Good luck all 👍🏻
🤣

[tuftymatt] 14/11/2024 12:31

I second watching James Shack.

A financial planner who for a number of years now has put out great videos.

Good luck all 👍🏻

[huckers] 14/11/2024 12:12

tornado12. Taking an immediate 25% lump sum may not be a good idea in terms of tax efficiency - it will depend on a number of variables and your own particular circumstances. Probably worth taking advice if you are unsure what I am referring to. Read up a little more. Again, I can recommend watching James Shack on YouTube.

[tornado12] 14/11/2024 12:08

It’s very stressful the way our government is sucking wealth out of our pensions. My hope is that they will not make any further big changes in next 2 yrs when I will drawdown immediately my 25% TFA. I have no intention of annuity swap and will look at investment options. I will rely of spend and giveaways to get my estate below 500k. However, the game is not over and at the next election there can be plenty of U-turns just like labour have made so far. I keep long term faith in LGEN , but I think they should do more structured trading updates like Aviva GLA

[huckers] 14/11/2024 10:52

Can I recommend James Shack? He has a series of well-explained YouTube videos about pensions and the impact of recent changes and how they affect people. The advice will depend on your cirumstances.

www.youtube.com/@JamesShack/videos

[mcunliffe1] 14/11/2024 10:48

tornado: our CEO has been talking with the Mail.

[cwa1] 14/11/2024 10:12

Nothing I'm aware of. If they're likely to over or under shoot materially I'd expect to hear though

[p0pper] 14/11/2024 10:10

CWA1 thanks, seen that but I just wondered if we were due an update at all.

[cwa1] 14/11/2024 10:07

p0pper

From the header...

[uppompeii] 14/11/2024 09:52

There is the recourse of life assurance, but that gets increasingly expensive with age and any illness.If I'd had been totally sensible I'd have taken a low cost whole life policy out in my 40's to run alongside my family protection.I guess I'll have to offload spare cash over the years and hope the 7 year countdown remains in place.

[apparition1] 14/11/2024 09:41

Just to give an example of how much padding the insurance companies put into pension buy outs. When I was a trustee of a scheme we achieved 100% solvency on a technical basis (i.e. as determined by the pension regulator rules where liabilities exactly match assets). L&G's quote for a buy out required assets to be around 140% of liabilities). I'll keep my money in a SIPP thanks rather than buy an annuity even if that thieving so and so Starmer will take a lot of it at least there will be something left I hope.

[p0pper] 14/11/2024 09:34

Have we got any interims or updates due? can't see any in the headers, if we have I hope they are as good as Aviva today so we get a lift as well.