Legal & General Investments (L&G I) has cut the annual management charges across its index fund range by five basis points, in a move to bolster the appeal of its passive proposition.
Jupiter chief executive Edward Bonham Carter has criticised EU proposals to cap fund manager bonuses, saying the moves could jeopardise industry stability.
Legal & General has acquired the remaining 75% of Cofunds it does not currently own, in a deal worth £131m.
Almost half the funds in the IMA Global Equity Income sector have cut dividend payouts over the past year, leading some wealth managers to caution income hunters when allocating to the increasingly popular space.
The Bank of England's latest thoughts on introducing negative interest rates to encourage higher lending from banks are 'somewhat schizophrenic', a leading economist has said.
Insurance giant Legal & General (L&G) has reported increased operating profit of £1.09bn in 2012, beating analysts' forecasts thanks to double digit sales growth.
Around 12,000 pensioners who hold annuities with Legal & General have been left without their regular payouts after a technical blunder.