L&G

L&G UK Alpha trust manager Richard Penny has set a £500m cap for the fund as it rises up the performance tables.

L&G is to reduce ongoing charges by up to 55% on selected retail index funds in the latest sign of price pressure in the passive investment space.

Valuations of interest rate sensitive cyclicals have started falling, so are rate rises already discounted in share prices? L&GI's Richard Penny explores.

Other large caps may follow Tesco in cutting dividends

Platforms

UK investors back challenger banks

L&G is to merge away its underperforming L&G Equity and L&G UK Active Opportunities funds in mid-November.

The price war in the passive space continues to rage but some providers refuse to play ball, offering trackers with fees as steep as active funds.

Polar Capital has hired L&G's Guy Rushton to head a new UK absolute returns team, with a first fund launch slated for Q3.

Legal & General (L&G), the country's biggest pension fund manager, is set to end its membership of the Association of British Insurers (ABI), according to reports.