Scottish Widows Legal and General
Legal & General was founded in June 1836 by Sergeant John Adams and five other lawyers in a café in Chancery Lane. [6] Originally called the New Law Life Assurance Society, the Society was limited to lawyers. The name was changed to Legal & General Life Assurance Society to reflect the fact that the policies were available to the general public, but ownership of the shares was limited to lawyers. The group expanded into the UK and soon began acquiring foreign life insurance companies by buying a retirement business from the Metropolitan Life Assurance Company in New York in the 1930s. [6] Money invested in the underlying Blackrock funds is held independently of a custodian, reducing the risk for Scottish clients and widows compared to holding it through Aquila Connect pension funds. if the assets are legally held by the pension company that manages these funds, BlackRock Life. You should read our copyright, legal and privacy statements carefully, as you are legally bound by them. We reserve the right to change these statements at any time and to notify you by posting an updated version of the statements on this website. You will be deemed to have accepted the changes by continuing to use this website. The funds` current investment documents, such as Key Investor Information Documents (KIIDs), Supplementary Investor Information Documents (SIIDs) and prospectuses, can be viewed under www.scottishwidows.co.uk/kiids life insurance policies. The fee structure of the former OEIC fund resulted in additional fees for investors.
Changing the location of the fund reduces the total annual cost of the fund by at least 0.10%. For more information, see www.scottishwidows.co.uk/funds/fund-charges In March 1812, some prominent Scots gathered at the Royal Exchange Coffee Rooms in Edinburgh. They were there to discuss the creation of a “general fund to ensure the care of widows, sisters and other women in the family” of the fund-holders, so that they would not be plunged into poverty when the donor died during and after the Napoleonic Wars. The Scottish Widows` Fund and Life Assurance Society opened in 1815 as Scotland`s first lifetime office. [3] This will only affect how we use information if our reason is that we have your consent. In the section “What if you want us to stop using your personal data?” Information about the general restriction of the use of your data. Sometimes we may restrict the use of your information. This means that it can only be used for certain things, such as legal claims or to exercise legal rights.
Scottish Widows is briefly mentioned in Yuval Harari`s 2011 book Sapiens: A Brief History of Humankind. Harari confuses the present society with an earlier fund established half a century earlier by two Church of Scotland ministers on behalf of clergy widows. Harari rightly describes the original fund as the first of its kind and describes in detail the sequence of events. In this sense, the beneficiaries were Scottish widows. But there is no connection between the old fund, officially known as the Scottish Ministers` Widows Fund, and today`s society. The original fund was finally closed in 1993 and its work was done. [15] [16] [17] In this section you will find the legal name of the company that stores your personal data – known as a “legal entity” – and how to contact us. We combine data in this way to look for patterns and general trends. For example, we could look at customers in an age group who buy clothes. We could look at a region of the UK or the average amount spent in a month.
However, we would not include data on the identity of these customers. When we combine data in this way, we use all the information – including historical data – we hold about you and our other customers. Legal & General Group plc, commonly known as Legal & General, is a British multinational financial services and wealth management company headquartered in London, England. Products and services include investment management, life mortgages (a form of share release), annuities, annuities and life insurance. From January 2020, following the sale of Legal & General Insurance to Allianz, Allianz will no longer offer non-life insurance. [3] The firm operates in the UK and US, with investment management firms in the Gulf, Europe and Asia. [1] As of March 28, 2022, once the appointment of the new Investment Advisor is complete, some of the funds` investments will change as we exclude companies operating in sectors such as controversial weapons, thermal coal, oil sands and tobacco. We will change the benchmark of these funds and align the funds with their new benchmark. These changes will be made through changes to the investment objectives and policies of our affected OEIC funds.
Learn more about how we invest more responsibly at www.scottishwidows.co.uk/about_us/responsibleinvestment. Effective March 28, 2022, we are making changes to our index, which tracks OEIC funds listed below and in which some of our L&P funds invest, to invest more responsibly rather than companies operating in industries such as controversial weapons, thermal coal, oil sands and tobacco. For more information, see www.scottishwidows.co.uk/responsibleinvestment and the next section on our OEIC Funds Tracking Index. We may also retain your data for more than 10 years if we are unable to delete it for legal, regulatory or technical reasons. For example, we must retain pension transfer information indefinitely; And in the event of a discount*, we keep insurance claims data for up to 15 years after you are no longer a customer. This section sets out the legal bases we rely on for each use of your personal data. The funds listed below invest directly in a fund of the Scottish Widows Unit Trust Managers Limited Open Ended Investment Company (OEIC) or HBOS Investment Fund Managers Limited OEIC. Updates to the funding targets for these funds were presented in the end-May 2022 fund fact sheets at www.scottishwidows.co.uk/fundfactsheets There may be legal or official reasons why we need to store or use your information. But please tell us if you think we shouldn`t use it. Lloyds Banking Group consists of a mix of companies incorporated on different legal entities.