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Core Viewpoint - Legal & General's CEO Antonio Simoes emphasizes the need for clarity in the upcoming UK budget to avoid deterring pension savers, as uncertainty is negatively impacting investment sentiment in the UK [1][2]. Group 1: Tax and Investment Sentiment - Simoes warns that potential tax increases for savers, the wealthy, or businesses in the upcoming budget could discourage investment, highlighting a significant demand for UK investments that is currently on hold [2][4]. - The company is concerned that any unfavorable tax changes related to pensions would be detrimental to the country's economic health [2]. Group 2: Company Strategy and Performance - Simoes aims to enhance investor confidence in Legal & General's strategy, which includes life insurance, pension, and investment products, while focusing on improving performance in capital-light asset management and retail units [3][6]. - The company has faced challenges, including a decline in share price by 4% since Simoes took over as CEO, attributed to broader investor concerns about the UK economy [4][5]. Group 3: Financial Commitments and Shareholder Relations - Legal & General has committed an additional £2 billion to British housing and infrastructure, reflecting support for government economic policies [4]. - Despite some investor disappointment over reduced dividend growth, Simoes asserts that the company's plans to return £5 billion, including through buybacks over three years, are not reflected in the current share price [6][7].