Score of 90.3/100 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 2022 - 30 Jun 2022 | 20 Dec 2022 | 30 | 93% | 4% | 3% | 3% |
| 01 Jul 2021 - 31 Dec 2021 | 20 Dec 2022 | 30 | 91% | 4% | 5% | 4% |
| 01 Jan 2021 - 30 Jun 2021 | 24 Sept 2021 | 30 | 90% | 6% | 4% | 4% |
| 01 Jul 2020 - 31 Dec 2020 | 24 Sept 2021 | 29 | 91% | 5% | 4% | 4% |
| 01 Jan 2020 - 30 Jun 2020 | 15 Jul 2020 | 30 | 93% | 4% | 3% | 3% |
| 01 Jul 2019 - 31 Dec 2019 | 15 Jul 2020 | 28 | 94% | 4% | 2% | 2% |
| 01 Jan 2019 - 30 Jun 2019 | 05 Jul 2019 | 24 | 82% | 10% | 8% | 4% |
| 01 Jul 2018 - 31 Dec 2018 | 05 Jul 2019 | 23 | 91% | 6% | 3% | 2% |
| 01 Jan 2018 - 30 Jun 2018 | 28 Jul 2018 | 21 | 88% | 7% | 5% | 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.
❌
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.
❌
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.
❌
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?
❌
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 PENSIONS LIMITED is a British-based financial services company that specializes in providing pension products and services. The company was founded in 1836 and is headquartered in London, United Kingdom.
The main activities of LEGAL & GENERAL PENSIONS LIMITED include offering pension plans, managing pension funds, and providing pension administration services. The company also offers other financial products such as life insurance, annuities, and investments.
In terms of sustainability, LEGAL & GENERAL PENSIONS LIMITED has a strong focus on responsible and ethical business practices. The company has a sustainability program in place that aims to reduce its carbon footprint, promote diversity and inclusion, and support local communities. As part of this program, LEGAL & GENERAL PENSIONS LIMITED has committed to achieving net-zero carbon emissions by 2050 and has implemented various initiatives to achieve this goal.
The company's key people include CEO Nigel Wilson, who has been with the company since 2009, and Chairman John Kingman, who joined in 2016. LEGAL & GENERAL PENSIONS LIMITED has a team of experienced professionals who are dedicated to providing high-quality and sustainable pension products and services to their clients.
For more information on LEGAL & GENERAL PENSIONS LIMITED, their products, and services, interested individuals can visit their website at www.legalandgeneral.com. The company's registered office address is One Coleman Street, London, EC2R 5AA, United Kingdom.
Proud of your payment record? Show your live score on your own site:
<iframe src="https://paymentcheck.co.uk/badge/05935873" width="240" height="72" style="border:0" title="PaymentCheck Score" loading="lazy"></iframe>