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Tim Breedon will become Legal & General Group's chief executive once David Prosser retires from his post later this year.

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Credit Suisse Asset Management has unveiled plans to merge its recently-purchased Artemis Fund of Funds into its own multimanager offering, through a two-stage process.

Multimanager investment funds have been granted a reprieve from the possibility of an additional 10% tax on their investments but those in qualifying investor schemes will still be hit.

Standard Life Investments has this morning exapanded its move into the multimanager market with the launch of seven manager of manager funds inside its sigma mutual fund suite.

Raj Hallen has left Premier Asset Management to join the multimanager team at Skandia.

Online funds information service Financial Express has unveiled a new section on its TrustNet site providing price and performance data on multimanager funds.

Zurich Assurance has a lunched a new multimanager fund which guarantees the unit price will always be worth 80% of more of it highest value.