Legal & General has agreed to acquire US investment group Global Index Advisors in a $50m deal.
Financial research group Defaqto has appointed former adviser network director Frank Potaczek to head up its insight and consulting wing.
Cofunds has scrapped its annual £40 fixed platform charge for clients using its explicit pricing model, following its takeover by Legal & General.
Cofunds chief executive Chris Last is to retire from the platform just six months after taking over the role.
Legal & General Investment Management is looking to boost its fund range with a number of new launches, starting with a bond index tracker.
Investors have ploughed more than £34bn into underperforming funds which have severely lagged peers over the past three years, the latest RedZone report from Chelsea Financial Services reveals.
Legal & General (L&G) is to make its unit trust business part of Legal & General Investment Management (LGIM) as the group undergoes a restructure.