L&G ties up B&B deal

The staff are set to remain in place at B&B branches, but will be employed as L&G staff as of 17 January, 2005. Coupled with the change, L&G intends to use depolarisation rules and its own fund distribution platform to offer access to “a wide range of leading fund managers.” ”The agreement will give B&B customers access to an extended range of wealth services including greater expertise in inheritance tax and retirement planning,” a statement from L&G says. B&B will gain commission on products sold through the new arrangement, while the cost cuts are estimated to save the company £...