An Open Letter to the Legal & General Board Dear L&G Board Members, We are compelled to inform you that L&G’s Brand and reputation is in jeopardy. You state: ‘Our purpose is improving the lives of our customers, building a better society for the long term and creating value for our shareholders. This shapes every aspect of how we do business. We’re not only … Continue reading Do L&G Hate the British Countryside?
BY NICK GRANGER Living out our last days in a residential care home is a prospect that few of us would relish. In 2014 the Burstow Commission called such homes “islands of misery”. The finances of such places also tend to be iffy and administrators are forever being called in or staved off – one of Britain’s biggest providers, Four Seasons, is a case in … Continue reading The Care Village Con Part I
BY NICK GRANGER When last August Legal & General announced its establishment of Inspired Villages Group, formed out of English Care Villages, a developer of later living accommodation, business people everywhere could see the logic in the fit. L&G’s life business is already heavily targeted at the third generation. Why not close off the loop and claw back great chunks of pension and annuity pay-outs … Continue reading Legal & General Risk All
CSM EDITORIAL Local residents of Maidencombe, a rural community that is part of Torquay, are justified in raising their concerns about the re-emergence of plans to build a Las Vegas style complex of buildings on Sladnor Park, an oasis of nature. History looks set to repeat itself as Keith Cockell and his latest retirement village platform, “Inspired Villages”, try once again to deliver his dream … Continue reading No Walk in the Park for L&G