Legal & General to use Internal Model

RNS Number : 1287I

Legal & General Group Plc

07 December 2015

 



Legal & General Group Plc

Legal & General to use Internal Model

Legal & General Group Plc is pleased to confirm that it will be using its internal model in calculation of Solvency II capital requirements following notice received from the Prudential Regulation Authority.

The Solvency II regulatory framework will be applicable from 1 January 2016 and will rely, in part, on components of the 31 December 2015 balance sheet for its calculation. We will report our Solvency II capital position for the first time as part of our full year results on 15 March 2016.

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ENQUIRIES

For further information, please contact:

INVESTORS:

Laura Doyle                  Head of Investor Relations                                  020 3124 2088

Stephen Thomas            Investor Relations Manager                                 020 3124 2047

MEDIA:

John Godfrey                Corporate Affairs Director                                  020 3124 2090

Richard King                 Head of Group Corporate Communications          020 3124 2095

Michelle Clarke             Tulchan Communications                                    020 7353 4200

FORWARD-LOOKING STATEMENTS

This announcement may contain certain forward-looking statements relating to Legal & General, its plans and its current goals and expectations relating to future financial condition, performance and results. By their nature, forward-looking statements involve uncertainty because they relate to future events and circumstances which are beyond Legal & General's control, including, among others, UK domestic and global economic and business conditions, market related risks such as fluctuations in interest rates and exchange rates, the policies and actions of regulatory and Governmental authorities, the impact of competition, the timing impact of these events and other uncertainties of future acquisition or combinations within relevant industries. As a result, Legal & General's actual future condition, performance and results may differ materially from the plans, goals and expectations set out in these forward-looking statements and persons reading this announcement should not place reliance on forward-looking statements. These forward-looking statements are made only as at the date on which such statements are made and Legal & General Group Plc does not undertake to update forward-looking statements contained in this announcement or any other forward-looking statement it may make.

 

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