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Legal & General investment platform review
Is Legal & General any good?
In our latest customer satisfaction survey, Legal & General received a customer score of 72% for its stocks and shares Isa, putting it 15th out of 25 providers.
Customers rated it as average across the board, with the platform scoring three out of five stars for all aspects of its service.
As well as a stocks and shares Isa, Legal & General also offers Sipps, income drawdown and annuities. Its choice of investment assets may be too limited for some, though; it offers a 'Simple fund choice' of five multi-index funds, and a 'Self-select' fund option with up to 25 funds. It doesn't offer shares, investment trusts or bonds, for example.
The minimum investment to use the platform is £20.
Please note that the information in this article is for information purposes only and does not constitute advice. Please refer to the particular terms and conditions of an investment platform before committing to any financial products.
- Find out more: Best investment platforms in the UK 2025
Legal & General stocks and shares Isa star ratings in more detail
| Aspect of service | Star rating |
| Customer service | |
| Ease of use | |
| Information on investments | |
| Value for money |
What do customers say about Legal & General?
Comments from Legal & General customers that took part in our survey include:
- ‘I have used the customer service on a number of occasions and I was very satisfied with the result.’
- ‘I’ve never had any problems dealing with them and find their staff friendly and knowledgeable.’
- ‘Their customer service are easy to relate with and they are very knowledgeable.’
Visit Legal & General to find out more about its accounts, services and investment options.
How much does Legal & General cost?
Platform annual charge
- 0.25%
Trading charge
- £0
Foreign exchange charge
This applies to each trade of investments denominated in another currency, for example US stocks, on top of fund and trading charges.
- N/A
How much would I pay to invest with Legal & General?
We've estimated the cost of investing with Legal & General over the course of a year in a stocks and shares Isa. All scenarios assume you make four purchases and four sales each year, spread out over different months.
Costs will vary depending on how much you invest.
| Amount invested | Annual fund charges |
|---|---|
£5,000 | £13 |
| £10,000 | £25 |
| £25,000 | £63 |
| £50,000 | £125 |
| £100,000 | £250 |
| £250,000 | £625 |
| £500,000 | £1,250 |
Table notes: Annual charges include platform fee and any trading charges. We have not included other charges that might apply, such as foreign exchange fees or fund management charges that are levied by fund managers, as these vary depending on the specific investments you hold. Fund management fees can range from less than 0.1% for some passively managed 'tracker' funds, to 1.25% or more for actively managed funds or investment trusts.
If you're thinking of using Legal & General to take an income from your pension in a drawdown plan, read our comparison of pension drawdown plans and charges.
- Find out more: Compare investment platform fees and charges
What can you invest in with Legal & General?
Legal & General accounts and services
Find out more about Legal & General by using the links below to view their accounts and services:
Investments on Legal & General
- Five 'Simple fund choice' funds and 25 'Self-select' funds
Correct as of February 2025
Is Legal & General good for ethical investors?
Users of Legal & General can filter investments by Morningstar's sustainability rating – a measure of how well funds are managing ESG (environmental, social, and governance) risks.
Legal & General also lists each fund’s top 10 holdings, so you can see the companies making up the largest portions of investment in a fund.
- Find out more: Ethical investing explained
Is your money safe with Legal & General?
Legal & General is regulated by the Financial Conduct Authority (FCA) and covered by the Financial Services Compensation Scheme (FSCS).
When you invest with an investment platform that's registered with the FCA, your money will be ringfenced and should be returned if a company goes bust without you having to wait alongside other creditors.
If ringfencing failed, you would be compensated by the FSCS.
The FSCS will cover up to £85,000 of investments per person, per platform. You can claim for free online at www.fscs.org.uk; there's no reason to use a claims-management company.
You won't be compensated for investments falling in value, or if a company in which you hold shares goes bust, unless this poor performance resulted from bad advice given by a regulated independent financial advisor that has since gone bankrupt.
- Find out more: Are your investments protected?