Legal & General (L&G) is a leading provider of insurance (life, non-life, group and general), savings (unit trusts, individual, pensions, bonds and structured products) and investment management products in the UK (L&G’s main market with 7m customers). L&G’s Investment Mgmt division is one of the world’s 30 biggest fund managers, in terms of AUM, and the largest manager of assets for UK pension funds. The company is well diversified with respect to product mix and distribution channels. L&G is also looking into further expansion overseas and in emerging markets in order to increase diversification and to seize new business opportunities. The IGD capital surplus increased to £3.7bn during 2010 from £3.1bn in 2009 and the exposure to PIGS debt is less than £30m, or 0.1% of total portfolio. Reduced tax relief on pension-savings and heavy fiscal tightening by the UK government will impact the savings business negatively in the home market. However, an ageing population, increased willingness to save and increased risk aversion will impact L&G positively.