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Legal & General Group plc, commonly known as Legal & General, is a British multinational financial services and asset management company headquartered in London, England.Its products and services include investment management, lifetime mortgages (a form of equity release), pensions, annuities, and life assurance.
J.G. Wentworth was formed by James D. Delaney and Gary Veloric in 1991 as a merchant bank specializing in transactions in the healthcare industry. [6] [7] In 1992, the company began to purchase New Jersey auto insurance deferrals from claimants who could not afford to wait twelve to eighteen months for their settlements. [8]
In May 2016, it announced it was to launch a direct online investment service for retail investors to invest directly in its range of funds. [9]In July 2016, M&G Investments suspended redemptions on its £4.4 billion Property Portfolio fund following heavy withdrawals after the referendum on the UK's exit from the European Union.