Legal & General (L&G) has promoted one of its senior staff to finance director after the insurer's external candidate was disapproved of by the regulator.
Legal & General (L&G) is to make its unit trust business part of Legal & General Investment Management (LGIM) as the group undergoes a restructure.
Platform giant Cofunds is set to report a significant drop in net retail sales of more than £1bn for 2012, compared to the previous year.
Cofunds has reported an annual profit fall of 15% for 2012, despite increasing turnover and assets under administration (AUA).
UK funds blossomed in May as, despite UK sectors seeing outflows, four were placed in the top 20 overall selling funds, according to figures from platform Cofunds.
Cofunds chairman Charlie Eppinger is to step down as the acqusition of the platform by Legal and General completed.
Verona Smith, marketing director at Cofunds, is to exit the platform in the wake of the takeover by Legal & General.
Cofunds CEO Martin Davis is leaving the business following a restructure in the wake of its sale to Legal & General (L&G).
Fidelity FundsNetwork has narrowed the gap to Skandia in the latest update of a platform leaderboard ranking providers by assets under administration (AUA).
Stephen Mohan, former Cofunds managing director of operational services, has moved to Allfunds Bank to spearhead its growth plans in UK and Ireland.