Score of 89/100 qualifies for PaymentCheck Certification
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2021 - 30 Jun 2021 | 24 Sept 2021 | 30 | 91% | 5% | 4% | 5% |
| 01 Jul 2020 - 31 Dec 2020 | 24 Sept 2021 | 29 | 89% | 7% | 4% | 4% |
| 01 Jan 2019 - 30 Jun 2019 | 05 Jul 2019 | 26 | 86% | 9% | 5% | 3% |
| 01 Jul 2018 - 31 Dec 2018 | 05 Jul 2019 | 26 | 85% | 8% | 7% | 4% |
| 01 Jan 2018 - 30 Jun 2018 | 28 Jul 2018 | 25 | 88% | 8% | 4% | 3% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
5 / 14 / 28 days - standard length is 30 days for most suppliers
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
n/a
Maximum contractual payment period agreed
30
Divisional contacts within the business liaise directly with suppliers to resolve issues, with Accounts Payable being the main contact for queries regarding unpaid invoices / late payment etc.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Legal & General Investment Management Limited (LGIM) is a leading investment management company based in London, United Kingdom. It was founded in 1836 and has grown to become one of the largest asset managers in Europe, managing over £1.2 trillion in assets.
The company offers a range of sustainable investment solutions, including active and passive funds, to meet the diverse needs of its clients. It is committed to responsible and sustainable investing, integrating environmental, social, and governance (ESG) factors into its investment decisions. LGIM also engages with companies to promote sustainable practices and drive positive change.
The key people at LGIM include CEO Michelle Scrimgeour, who joined the company in 2019 and has a strong background in investment management, and Chairman Sir John Kingman, who has extensive experience in financial services.
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In addition to its investment management activities, LGIM has a strong focus on sustainability and corporate responsibility. It has set ambitious targets to reduce its carbon footprint and increase its sustainable investments. The company also supports various charitable and community initiatives through its corporate social responsibility program.
LGIM's website (www.lgim.com) provides detailed information about its products and services, as well as its sustainability and corporate responsibility efforts. The company's registered office address is One Coleman Street, London EC2R 5AA, United Kingdom.
In summary, Legal & General Investment Management Limited is a leading investment management company with a strong commitment to responsible and sustainable investing. Its diverse range of products and services, along with its focus on sustainability, make it a trusted and reliable partner for investors.