Legal & General: £200m share buyback plan for 2024

(CercleFinance.com) - Legal & General Group announces a £200m share buyback for 2024 as part of its plan to increase returns to shareholders.


As part of its strategy, the company is targeting sustainable growth by increasing pension risk transfer volumes, investing in asset management and strengthening its retail proposition.

The group plans to create a single asset management division and review its capital allocation policy.

Improved returns are targeted, with a compound annual growth rate in core earnings of 6%-9%.

Legal & General Group CEO António Simões highlights the company's commitment to investing to develop its business and to rewarding shareholders for their support.


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