LGIM

Legal & General Investment Management (LGIM) recorded net inflows of £5.5bn in the first three months of the year, up 113% on the same period in 2012.

Paul Milsom, a former senior equities trader at Legal & General Investment Management (LGIM), has today been sentenced to two years imprisonment for disclosing inside information between October 2008 and March 2010.

Legal & General (L&G) has appointed Simon Gadd as chief risk officer, and Kerrigan Procter as managing director of the group's annuities business.

L&G Investments' managing director of investments Simon Ellis has left the firm.

David North, head of asset allocation and head of global high yield bonds at Legal & General IM, is to leave the group after 12 years.

More than six in ten investors would stop using their independent financial adviser (IFA) if they were to begin charging on an hourly rate, research has suggested.

Strategic bond fund managers Richard Hodges from LGIM and Fidelity's Ian Spreadbury both expect UK government bond yields to remain at their abnormally low levels for the foreseeable future.

BONDS

Simon Ellis, managing director at Legal & General Investments, explains why passive funds offer the best way into the low carbon energy theme.

The decision by Standard & Poor's to strip France of its prized AAA-rating came as no surprise to a number of fund managers.