Legal & General

Legal & General (L&G) has sold its offshore bond operation to Canada Life's parent company Great-West Lifeco.

Legal & General (L&G) is splitting its savings business in two and restructuring other parts of its L&G Assurance Society (LGAS) division ahead of the departure of the arm's chief executive John Pollock next May.

The FTSE 100 kicked off the fourth quarter on a positive note in early trading, though shares dipped slightly towards mid-morning.

The FTSE 100 has opened lower this morning despite three-figure gains on Wall Street overnight.

Legal & General has prepared a defence document to ward off an unwanted takeover approach from Clive Cowdery's Resolution vehicle.

Former Fidelity multi-manager head Simon Ellis is joining Legal & General Investment Management (LGIM) as managing director for retail business, Professional Adviser understands.

A recent industry roundtable chaired by Retirement Planner's editor Helen Morrissey looked at the issues currently facing the retirement market and how the industry is meeting these challenges.

Lloyds Banking Group is among the fallers in early trading on Wednesday on rumours it is close to securing a deal that will see some of its bad loans insured under the Government's asset insurance scheme.

The Dow Jones has opened lower this morning following news US personal income has suffered the largest drop in four years.

Legal & General made a loss of £720m in the first half of 2009, but makes no move to raise cash from investors.