L&G

Old Mutual's Stephen Message is looking to life companies with their own platforms to boost dividend payments for his fund.

Legal & General Assurance Society has acquired closed UK annuity buy-out company Lucida from LCM Holdings in a deal worth £151m.

Andrew Thomas, head of product development at Legal & General Investments, has left the firm to pursue a new opportunity in the industry.

Justin Onuekwusi, former lead manager on Aviva Investors' multi-asset funds, is to join Legal & General.

Cofunds has reported an annual profit fall of 15% for 2012, despite increasing turnover and assets under administration (AUA).

Charlie Eppinger, chairman of Cofunds, will step down with immediate effect following the completion of the platform's acquisition by L&G.

Fund buyers have been selling out of high yield bond funds as liquidity dries up in the secondary market and they predict little value remains in the asset class.

Fund buyers are calling on iShares to review the pricing of its range of UK exchange-traded funds (ETFs), especially the mainstream vehicles that are charging substantially more than their peers.

Darwin Investment Managers has launched a model portfolio service comprising three funds managed by multi-asset veteran David Jane.

Legal & General said today its recent move to take over fund supermarket Cofunds will lift assets in its savings arm above £100bn to a new record high when the deal completes.