Workplace Product Strategy Summer Internship 2024

Are you looking for a summer internship in Workplace Product Strategy? One that develops commercial acumen alongside your technical skills?  

We’re looking for undergraduates who can answer “yes” to the above for our Summer Internship Programme. You’ll join us in one of L&G’s Retail division, gaining valuable insights over the course of the 8-week placement that starts on the 1st July.

Please note, we can only accept 1 application per person across all of our intern programmes. Therefore, please think carefully about the programme you intend to apply for. Your first application will be considered as your only application. 

What does the team do?

The Workplace team are responsible for the strategy, development, and on-going maintenance and governance of Legal & General’s market-leading UK Defined Contribution (DC), contract and trust-based, workplace pension products. They are responsible for designing innovative new solutions that meet customers’ needs and are commercially attractive for Legal & General, as well as launching new products in a timely and controlled way. Through their work, they help millions of customers save for their retirement and provide them with the flexibility to access to the full range of pension freedoms in retirement.

The team enable employers, trustees and advisers to meet the requirements of auto-enrolment legislation via competitively priced, high-quality products that adapt and evolve as the savings and pension landscape changes. We also provide direct to consumer saving solutions via our Personal Pension and Stocks & Shares Individual Savings Account (ISA).

What you’ll be doing:

• Assist in preparing reports and management information for senior management
• Supporting the team to develop, deliver and govern market leading products, propositions and investment strategies that contribute to the future strategic direction of the Legal & General Retail business.
• Management of the team’s internal mailbox, answering queries, and escalating as necessary, within the agreed SLA. This will support in learning the breadth of the role quickly. 
• Support the team’s adherence to the Risk Management Framework, ensuring identified risks recorded on the central risk management system are regularly reviewed and consistently managed in partnership with the Operational Risk team and other Legal & General colleagues.
• Shadow and work with Senior Product Managers to deliver projects that impact our existing products and proposition, driving through necessary enhancements and developments, providing business cases where necessary to justify expenditure and thereby ensuring the maintenance of a market leading Workplace DC proposition.
• Work with internal business stakeholders to discuss and agree product and proposition plans and initiatives and supporting investment solutions.
• Undertake analysis of customer, industry and regulatory activity, identifying and documenting where changes may be required that affect our existing Workplace DC products and investment propositions.
• Most importantly you will be learning new skills and gaining knowledge of how our business works!

What we're looking for

First and foremost, we are looking for people who embody our behaviours:

• Straightforward - doing what we say and saying what we mean
• Collaborative - working together constructively
• Purposeful – working with pace and energy

We’re not expecting prior industry experience, but we’ll want to see that you have the tools to develop quickly. These include:

• 2:1 Degree (any discipline);
• You will be in your penultimate year of University (i.e. graduating in 2025)
• Excellent written and verbal communication skills as well as strong attention to detail
• Analytical mind-set
• Highly organised with the ability to prioritise effectively; you are someone who thrives in a fast-paced environment
• Flexible and a team-player
• Curiosity and an eagerness to learn
• Competent IT skills, including the Microsoft suite of Outlook, Word, Excel, PowerPoint and Teams

What is the assessment process? 
Our Assessment process typically involves the following stages, but may vary slightly from scheme to scheme. 

Application form

• Captures essential information from candidate and is an opportunity to provide their CV 

Online tests

• Includes multiple choice questions and a video interview. The online test asks a number of behavioural questions to help us understand more about candidates' strengths. There is also an analytical component which assesses numerical reasoning skills. In the video interview, we will ask 3 core questions focusing on motivation to join L&G, as well as the candidates approach to learning. 

Assessment centre (either face to face or virtual) comprised of:  

• Group Exercise - candidates are given a task to work on in groups of up to 6 and observed 

• Interview - Conducted by 2 assessors, 45 minutes including time for questions from the candidate, questions include competency and commercial based questions 

• Presentation - 15 minutes in duration, 10 minutes to present and 5 minutes for questions from assessor

The brand with the brolly is choosing today to change tomorrow.

Since 1836, we’ve grown to become one of the world's largest asset managers, homebuilders, pension providers and insurance brands. 

We’re all here to improve the lives of our customers, build a better society for the long term, and create value for our shareholders - helping to shape a better future for society and the planet.

We need people who share our ambitions, agility and entrepreneurial spirit to help us do it.

At L&G, you’ll find a balance that helps you be your best. Empowered by hybrid working, we’re supported by technology and workplaces that enable us to work effectively wherever we are. We come together in offices to collaborate and connect, and use time at home for individual, focused activities. And, when we achieve great things, we celebrate our success and reward strong performance.

Today, there’s over 10,000 of us, working towards our mission, with plenty of opportunities to grow your career as we grow L&G. Will you join us?

Great minds don’t have to think alike, so we welcome voices from all backgrounds. Bringing together people with different life experiences helps us build empathy with our customers and drive innovation.

We don’t just talk about it, we actively promote diversity and equitable opportunities for all. That means our employment decisions are made without regard to race, colour, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability or protected veteran status. In fact, we embrace every dimension of diversity to reflect the customers and communities we serve.

We think it’s important to create an inclusive environment where we can all belong, contribute and drive progress, where you can develop and grow, and be empowered. We want you to use your voice to help us build a better tomorrow.

We all work differently, and have different needs, which is why. we’re always open to discussing flexible working arrangements. Likewise, we’re committed to finding reasonable accommodations for candidates with specific needs during our recruiting process.

So whoever you are, wherever you are, whatever your story, we'd love to hear from you.