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L&G picks White for fixed-interest fund

Legal & General has appointed Malcolm White as manager of its £1.2bn fixed-interest fund, the £969m managed income fund and the £122m monthly managed income fund after Stuart Steven relinquished his role with the funds although he remains as head of the invest-grade team.


Bee believes annuity rule set for KO

The House of Commons may have overturned the Lords’ vote against compulsory annuitisation at age 75 but the issue will take centre stage when the Pensions Commission delivers its final report says pension guru Steve Bee.


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