View more on these topics

Fagan to lead L&G offshore push in Dublin

Legal & General International has recruited David Fagan to head its Dublin business and will be launching two offshore products this year.

Fagan joins as chief executive officer from the Irish Life and Permanent Group, where he has worked for the past 25 years and has been chief executive of its cross-border life company Irish Life International since 1998.

Legal & General confirmed in March this year that it would start an international life company this year operating from Ireland.

Money Marketing revealed the launch last October when it reported that Legal & General was recruiting a chief executive to set up an offshore division based in Dublin.

L&G International, which will be launched in the second half of this year, will initially sell an international portfolio bond and an international discounted gift scheme targeted at UK investors.

The move follows L&G’s launch last year of its open architecture products portfolio bond and portfolio plus pension.

Legal & General managing director of individual wealth Simon Pistell says: “As one of the biggest UK asset management companies and most successful UK life portfolio bond providers, last year, our move into the international market is a key step to further growth in the high-net-worth arena.”

Fagan says: “I look forward to working with the team to finalise the regulatory approval process and to launching our first products later this year.”

Recommended

IMA announce new chairman

The Investment Management Association has appointed F&C Asset Management’s Robert Jenkins as the group’s new chairman, replacing Threadneedle’s Simon Davies with immediate effect.

FSA may turn to plan B if Mifid move is rejected

The FSA is drawing up contingency plans in case the European Commission rejects its request to retain the payment menu and initial disclosure document under Mifid.Sources suggest that European Commissioner for the internal market and services Charlie McCreevy is unhappy with the article 4 justifications put forward by the FSA to retain the menu and […]

Cummings wants FSA expenditure review

Association of Mortgage Intermediaries director general Chris Cummings is calling for the National Audit Office to conduct a formal review of the FSA’s expenditure.

Online income protection offer

Price comparison website Moneysupermarket will allow consumers to compare deals on income protection by the end of the year.The website currently enables consumers to compare prices on life cover, life and critical-illness, payment protection insurance and mortgage payment protection insurance.It also offers comparisons on a range of consumer goods such as mobile phones, credit cards […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com