UK 08:27 Tuesday, 22 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
At 236p after the interim results to June; despite the government’s abolition of the compulsory annuity rule in exchange for tax relied on such contributions, the market still seems optimistic about dividends and earnings for Legal & General (LGEN).
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Comments
Arthur Trick
No issue with the substance of the article, just the introductory paragraph, which is misleading. Osborne did not abolish the compulsion to buy an annuity in the 2014 budget – that happened in April 2011. Since then, drawdown has, in theory, been available to everybody as an alternative to annuiy purchase. In practice, it isn’t suitable for all, meaning that many pensioners have still bought annuities, but the frequently quoted claim that this year’s budget swept away ‘compulsion’ is factually inaccurate.