Legal & General Group PLC
16 November 2001
LEGAL & GENERAL GROUP PLC
EXTENDING THE BARCLAYS' RELATIONSHIP
Legal & General is extending its strategic alliance with Barclays PLC by
offering its range of value for money financial services products to
Barclaycard's 8 million customers in the UK.
The arrangement will take effect on 1 January 2002. From that date Barclaycard
customers will be offered Legal & General branded investment and life
protection products. Further Legal & General products will be offered to
customers later in the year.
Barclaycard will offer Legal & General's products to its customers through
direct mail, advertisements and via www.barclaycard.co.uk. This is expected to
generate between £5 million and £7 million Annual Premium Equivalent (APE) in
the first full year of operation.
The relationship with Barclaycard's customers will be served through Legal &
General's Cardiff operations.
Kate Avery, Group Director of Business Partnerships at Legal & General said,
'This new alliance with Barclaycard is a further demonstration of Legal &
General's success at driving forward the new model for financial services
distribution. A deal like this gives Barclaycard's customers easy access to
great products and further develops Legal & General's market leading
partnership strategy.'
Contacts
Investors:
Peter Horsman 020 7528 6362
Head of Investor Relations peter.horsman@group.landg.com
Media:
John Morgan 020 7528 6213
Head of PR john.morgan@group.landg.com
16 November 2001
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