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L&G appoints Nigel Wilson as chief exec

Legal & General has appointed Nigel Wilson as group chief executive, replacing Tim Breedon.

Wilson will take on the role on June 30, 2012 with Breedon remaining at the firm until December 31, 2012, in an advisory role.

Wilson joined L&G as group chief financial officer and a member of the board in September 2009. L&G is currently looking for a permanent replacement for his role as chief financial officer with Wadham Downing taking the position in the interim.

Last September, L&G announced Breedon was to step down as group chief executive in 2012. Breedon joined L&G in 1987 and became group chief executive in January 2006.

Breedon says: “I am delighted the Board has appointed Nigel as my successor and I know that Legal & General will continue to thrive under his leadership. We have worked together closely as CEO and CFO over the last few years and I look forward to working with him as he transitions into his new role.”


Royal London new business falls 10 per cent

Royal London’s new life and pensions business fell by 10 per cent for the first three months of the year. The firm’s results, published today, show life and pensions new business fell from £843m for the same period in 2011 to £761m, with the firm blaming volatile markets. Bright Grey and Scottish Provident new business […]


Sesame increases member charges due to regulatory costs

Appointed representatives of Sesame are set to see fixed membership charges rise by more than 50 per cent, with overall costs increasing on average by around 9 per cent per firm. Currently, the fixed fee firm for an IFA is £29.20 a week, including VAT, but this will increase to £44.20 a week, including VAT, […]

Lenders ditch plans for a mortgage fraud squad

Lenders have scrapped plans to launch a specialist mortgage fraud unit within the City of London Police. Last year, the Council of Mortgage Lenders held talks with its members, the National Fraud Authority and the City of London Police about funding a unit with the aim of targeting mortgage fraudsters. This move was prompted by […]


BSA appoints David Webster as new chairman

The Building Societies Association has appointed Hanley Economic Building Society chief executive David Webster as its new chairman for the next year. Webster replaces Principality Building Society chief executive Peter Griffiths, who has held the post for the last year. Skipton Building Society chief executive David Cutter has been appointed the trade body’s deputy chairman. […]

Introducing Trevor Greetham

Ryan Medlock, Investment Proposition Manager, Royal London Royal London Asset Management’s (RLAM) new head of multi-asset is officially up and running. I want to look at what expertise Trevor brings to the table and how this affects the Governed Portfolios (GPs) and Governed Retirement Income Portfolios (GRIPs). Trevor Greetham joined RLAM in April 2015 from […]


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