Legal & General, a firm offering financial services, and NatWest, a retail and commercial bank in the United Kingdom, are set to form a joint venture. Financial terms were not disclosed. Legal & General and NatWest to invest £500m of equity to build later living communities which will be developed and operated by Inspired Villages. "The investment potential of the later living sector is substantial as the need to support our ageing population increases. This new partnership with Legal & General and Inspired Villages aligns perfectly with our ambitions to invest in areas that present strong social and environment credentials, whilst offering a good match for our long-dated liabilities. As Inspired Villages continues to mature and grow its portfolio, we are excited to be coming on board to support its expansion," Robert Waugh, NatWest CEO.