Legal & General Group Plc (LSE:LGEN) has outlined a strategic plan to capitalize on growth opportunities in the UK’s Defined Contribution (DC) pensions and Annuities markets over the coming decade.
Leveraging its position as the country’s largest DC asset manager and annuity provider, the company is targeting £40–50 billion in Workplace DC net flows and a 4–6% compound annual growth rate in Retail operating profit between 2024 and 2028. This strategy aims to shift its profit mix toward more stable, fee-based earnings while increasing operating leverage—positioning its Retail segment as a key engine of future growth.
While this long-term plan presents meaningful opportunities, the company’s near-term outlook is tempered by financial challenges, including declining revenue and profitability as well as liquidity concerns. Technical analysis points to a bearish trend, and the stock currently screens as overvalued. However, a high dividend yield continues to offer appeal to income-focused investors.
About Legal & General Group Plc
Legal & General is one of the UK’s leading financial services companies and a major global investment manager, overseeing £1.1 trillion in assets. Its core business areas include Workplace, Annuities, Lifetime Mortgages, and Protection. The group serves approximately 12.4 million customers in the UK and ranks among the top providers in its key markets.
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