Its products and services include investment management, lifetime mortgages (a form of equity release), pensions, annuities, and life assurance.

William Penn was purchased by Legal & General Group Plc as a wholly owned subsidiary of Banner Life Insurance Company in 1989.

The girls' school (St. Monica's), which formed the basis for the site, was attended by the novelist Vera Brittain, mother of the politician Shirley Williams.

[9] The Kingswood site, which included sports fields, a park, a large and luxurious swimming pool, a canteen and a simulacrum of an English pub, among other facilities, was expanded in the 1950s and again in the 1980s.

"[23] In the same year, the group disposed of its estate agency business, Xperience, which comprised 89 offices and 75 franchisees, trading as CJ Hole, Ellis and Co, Parkers and Whitegates,[24] to Martin & Co for £6 million.

[25] Legal & General took a 46.5% stake in housebuilder Cala Homes in March 2013,[26] taking full control of the company five years later.

[28] Production was halted in May 2023, with L&G blaming planning delays and the COVID-19 pandemic for its failure to grow its sales pipeline; 450 factory workers faced being made redundant.

[32] In March 2024, Legal & General began to exit the housing market, appointing Rothschild & Co to handle the sale of Cala Homes, valued at around £750m.

[44] The company offers a wide range of products in addition to its direct sales service and brokerage agreements with numerous tied agents and independent financial advisers.

[46] Peet helped the campaign for Thalidomide children, Legal & General then owning a large bloc of shares (3.5 million) in Scottish drinks and pharmaceutical company Distillers.