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Megan is a senior researcher and writer at Which?, with a background in data analysis and stats in the public and charity sectors.
In this article
Legal & General was established in 1836 and offers a range of products, including insurance, equity release and investments.
As well as a stocks and shares Isa, Legal & General also offers Sipps, income drawdown and annuities.
Please note that this article is for information purposes only and does not constitute advice. Please refer to the particular T&Cs of an investment platform before committing to any financial products.
We scored Legal & General above average for its fees (60%), but we were disappointed by its limited choice of assets, which received a score of 0%. Customers were also unimpressed, rating Legal & General a below-average 62%.
55%
Annual fees
of 23 providers
Annual platform charge:
Trading charges:
Find out how these fees compare with other stocks and shares Isas.
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.
Megan Thomas, Which? investments writer, says:
Legal & General offers a simplified list of 35 funds – it doesn't offer shares, investment trusts or bonds.
For this reason, its choice of investment assets may be too limited for you if you want more control over what you invest in. Equally, if you're overwhelmed and want a narrower focus, this could be a simpler offering to wrap your head around.
With its fee of 0.25% of the value of your portfolio, Legal & General works out as one of the cheapest options if you have less than £25,000 to invest. But it's among the more expensive options if you have more to invest.
You might also be able to access a reduced platform fee if you have access to Legal & General services through your workplace and their Workplace Isa.
Legal & General customers scored it 62%, the third-lowest score of any platform in our survey.
Comments from Legal & General customers that took part in our survey include:
Visit Legal & General to find out more about its accounts, services and investment options.
| Aspect of service | Star rating |
| Customer service | |
| Ease of use | |
| Information on investments | |
| Value for money |
These results are based on a January 2026 online survey of 3,053 adults – members of the Which? Connect panel and members of the public – who told us about 4,146 experiences with stocks and shares Isas. Legal & General results based on a sample size of 33.
Legal & General is regulated by the Financial Conduct Authority and covered by the Financial Services Compensation Scheme (FSCS).
If Legal & General went bust and its other arrangements to protect your money failed, the FSCS will cover up to £85,000 of investments per person, per platform. You can claim for free online at fscs.org.uk: there's no reason to use a claims management company.