Pros
Very good pension and benefits, including life assurance, medical cover, sports facilities and restaurant. Good work-life balance. Work was not too demanding and there were plenty of nice people. Pretty much everyone in the company wanted to do the right thing by the customer.
Cons
My whole L&G experience, which lasted four years, was just too slow for me. The company was very unexciting, very risk averse, very process driven and generally quite a lumbering beast. Decision-making was slow and done by endless committees and working groups. Many people there were good at their job, but an equal or greater amount were very, very average and unwilling to step outside a very tight remit or think outside the box. A lot of people at L&G have been at the company a very long time. The person I replaced had never worked anywhere else, which I don't think is healthy. My mind just had too much spare capacity and in the end I could stand the mediocrity no longer and had to leave before I went stark raving mad. It's probably a good place for many people, to be fair, just not me. If you are a 9 to 5 person with low ambition, then this is the perfect place for you.