At Legal & General we invest the money from the pension funds that we manage into real assets like housing, retail centres, transport infrastructure and clean energy that can provide long-term returns for pensioners while helping to build a better, fairer society.
To help us do this we’ve worked with cross-party think tank Demos to launch a new Place Satisfaction Index, which will help to identify what kind of investment is needed in constituencies across the country. The Index maps people’s everyday priorities against what is actually on offer in their communities. By recording their views on things like housing, transport, internet access and retail provision, it will guide our own investments and provide important insights to Government as it tackles regional inequality.
During December 2020, we surveyed a nationally representative sample of 20,000 people. We found that places in London, Scotland, the West Midlands and the North of England rate the highest on the Index as having the country’s most satisfied residents. The more built-up commuter and ‘affluent’ towns see the highest levels of satisfaction, while rural areas, on the other hand, typically see poorer satisfaction, with lack of quality transport a particular problem.
The new Index and associated report, Everyday Places, are part of an ongoing programme of research aimed at helping us understand the investment that communities need. Demos also produced the Post Pandemic Places report on our behalf, which revealed that during lockdown people had rekindled a relationship with their local area and amenities. In addition, we’ve also established our Rebuilding Britain Index to measure progress in levelling up the UK economy on a quarterly basis.