Why choose us
A message from Tim Breedon, Group Chief Executive
May 2009
These are uncertain times for everyone and, understandably, this has led to a general nervousness about the current financial situation that is being felt globally. We expect continued volatility in financial markets around the world for some time yet. However, it is in these challenging markets, that businesses with solid foundations can demonstrate their ability to continue to deliver for customers and shareholders over the long term.
Whilst the Government and Bank of England continue to look for ways of revitalising confidence in the UK banking sector and hence the wider economy, the recent difficulties in that sector have inevitably increased interest in the solvency of insurance groups. In answer to these concerns, please be assured that we can clearly demonstrate from both our recently published results and the latest rating review from the global rating agency, Standard & Poor’s, that Legal & General’s capital and cashflow position remains strong and robust.
We remain at best cautious about the economic outlook for the UK, but are confident that our strategy and business model provides us with the platform to strengthen our competitive position and exploit opportunities throughout the current tough economic cycle.
Recent Legal & General results
