By Kira Nickerson Legal & General will sell its stakeholder pensions through Barclays Bank branches,...
By Kira Nickerson Legal & General will sell its stakeholder pensions through Barclays Bank branches, in light of the FSA's plans to relax the rules on polarisation and introduce multi-ties. Subject to regulatory approval, Barclays intends to offer Legal & General branded life, pension and investment products throughout its UK distribution network. Barclays Life, Barclays Funds and b2 will not be recruiting new customers from the beginning of the second half of 2001 and the unit trust business of Barclays will be transferred to Legal & General. Existing business will be retained and mana...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
