Tag: Legal & General

Octopus Energy and Legal & General make Britain’s biggest investment in ground source heat pumps

Stuart Mitchell

Octopus Energy’s generation arm and Legal & General Capital are turbocharging Britain’s heat pump rollout by investing £70 million in the country’s leading manufacturer and installer of ground source heat pumps, The Kensa Group. This marks the biggest investment ever made in ground source tech in Britain. It will allow Kensa to rapidly expand and install 50,000 ground source heat pumps a year by 2030. The move will drive down costs of heat pumps and reduce reliance on polluting gas boilers. The UK is targeting 600,000 heat pump installations a…

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Legal & General signs £150m Social Loan to deliver 5,500 new affordable homes.

Stuart Mitchell

Legal & General announces that it has signed a £150m Social Loan whereby Use of Proceeds will finance 5,500 affordable homes to help address the significant demand for affordable housing across England. The loan was arranged by BNP Paribas, HSBC UK, and SMBC Group, in a transaction with Legal & General Affordable Homes (LGAH). The deal was structured as a Social Loan, which is available on projects that help tackle pressing social issues such as the delivery of more affordable housing. This is the first UK insurance syndicated Use of…

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Women left with half the pension pot, no matter the job

Stuart Mitchell

Women’s pensions at retirement are half the size of men’s (£12,000 versus £26,000), regardless of the sector they work in. More than a third (38%) of women who have taken a career break did not know the long-term financial impact it would have on their pension. Legal & General is calling for all companies and pension providers to disclose their gender pensions gap, to raise awareness of it and work together to help close it across all sectors. Analysis1 of more than 4.5 million savers has found that that every…

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Legal & General offer free care guidance service to nearly a million unpaid carers via Carers Trust

Stuart Mitchell

With the increasing demands on unpaid family carers, Legal & General is pleased to announce that its care guidance service will be made available free of charge for any unpaid carer supported by the Carers Trust Network. Carers Trust is one of the UK’s major charities for unpaid carers, working to improve support, services and recognition for anyone living with the challenges of caring, unpaid, for a family member or friend who is ill, frail, disabled or has mental health or addiction problems. Carers Trust has a long-established UK-wide network…

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Legal & General and Believe Housing complete £85m sustainability-linked private placement

Stuart Mitchell

LGIM Real Assets (Legal & General) has provided £85 million in long-term financing to believe housing, one of the largest affordable homes providers in North East England. The private placement demonstrates Legal & General’s on-going commitment to a wider ESG and decarbonisation agenda, implementing a forward-thinking sustainability focused structure with pricing linked to the Company’s energy transition. The funding will support believe housing’s strategic development goal to deliver over 1,200 new affordable homes over the next five years. The housing association’s 18,000 homes cover almost 900 square miles from the…

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