Legal & General Group (LSE:LGEN) is placing strategic emphasis on its Asset Management division as a primary engine for future growth. The company aims to achieve sustainable and profitable expansion by leveraging its established leadership in the UK Defined Benefit and Defined Contribution markets. To meet rising global demand for retirement and long-term investment solutions, L&G plans to broaden its client base, refine its core investment offerings, and increase its footprint in private markets.
The firm has set ambitious goals through 2028, targeting a sharp rise in operating profit and assets under management. Central to this strategy are initiatives to grow fee-based revenues and enhance cost efficiency, both of which are expected to reinforce Legal & General’s competitive standing and generate strong returns for shareholders.
While L&G faces some headwinds, including declining revenues and challenges with cash flow, its strong technical indicators and ongoing share repurchase activity provide a degree of support to its stock. Despite concerns around its high price-to-earnings ratio, the company’s attractive dividend yield continues to appeal to income-focused investors.
About Legal & General
Founded in 1836, Legal & General is a prominent UK-based financial services firm and a global investment powerhouse, overseeing approximately £1.1 trillion in assets. The group operates across several segments, including Institutional Retirement, Retail Protection and Savings, and Asset Management. Known for its commitment to responsible investing, L&G plays a key role in addressing long-term financial planning and retirement needs.
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