Martin Wheatley, the chief executive of the Financial Conduct Authority (FCA), is facing calls for his resignation after the regulator made an "extraordinary blunder" that hit insurers' share prices, according to reports.
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.