L&G

James Murdoch has been re-elected as chairman of beleaguered media group BSkyb despite calls from fund management groups for his resignation.

Cofunds has denied its backers want out after a report emerged that shareholder L&G has made an offer for the platform.

L&G has made an approach for Cofunds, in which it has a 25% stake, in a deal which could value the supermarket at up to £200m, according to reports.

Investors could be faced with a plethora of fund charging models post-RDR as well as higher overall costs and ‘premium' prices for a top tier of better performing funds or specialist mandates.

Leading funds and the ABI are working on proposals to prevent newly listed companies from entering the FTSE 100 or other leading indices until after a three-month cooling-off period.

Legal & General International (Ireland) and Suffolk Life have named Skandia as their new distribution partner.

Tim Breedon, CEO of insurance group Legal & General (L&G), is to retire from the company at the end of 2012, when he will have completed a quarter of a century at the insurer.

Legal & General Investments' Richard Hodges has fled to cash and trimmed high yield in a move to protect his £1.8bn Dynamic Bond trust against Lehman-like market conditions.

Life insurer Legal & General (L&G) posted better-than-expected first-half results on Wednesday, helped by strong performance from LGIM and its international divisions.

Nick Griffiths, co-head of interest rates and global portfolios at Aberdeen, has been poached by Legal & General Investment Management.