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.
Alliance & Leicester
Five Year Fixed Rate
Abbey for Intermediaries is launching a new commission based payment package for intermediaries selling its Peace of Mind buildings and contents insurance and Paymentcase mortgage payment protection insurance.
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.
Norwich Union is charging 10 per cent on the first five years’ premiums for its price-busting non-stakeholder pension for the full advice market.
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