Legal and General insurance intends to help government
Mon, 05 Jul 2010
The government may benefit from help from Legal and General insurance in the future, according to the chief executive of the group Tim Breedon.

Mr Breedon was speaking at a Think Tank Reform conference alongside minster for pensions Steve Webb and director of public affairs at Age UK Andrew Harrop. He stressed that Legal and General insurance "wants to help" and intends to cooperate with the government in the near future.

The finance expert spelt out that there are overlaps between what the Department of Work and Pensions does and what his firm deals with. "Social Security provision is itself a form of state insurance, with premiums paid through tax rather than to a company like Legal and General," indicated Mr Breedon.

Recently, director of housing at the firm Stephen Smith pointed out how many economics commentators are debating the inevitability of the base rate rising some time soon, with concerns still apparent regarding inflation.
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