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L&G set to announce new chief exec

Legal & General is expected to announce that finance director Nigel Wilson will replace Tim Breedon as chief executive, according to Sky News.

A report suggests Wilson could be named as Breedon’s successor this week.

L&G announced last September that Breedon would be stepping down from his role at the end of this year. Breedon joined L&G in 1987 and became group chief executive in January 2006.



Michael Johnson: Stop IMA labelling fund sectors

The Centre for Policy Studies is finalising a major peer reviewed report which will call on the Investment Management Association to stop labelling fund sectors and for the powers to be passed to an independent body. The report is expected to be published in June and its author, CPS research fellow Michael Johnson says it […]

FSA takes action on interest rate swap misselling claims

The FSA is reviewing the sale of interest rate swaps following pressure from MPs due to concerns the products were missold. The swaps are designed so that banks cover the cost of increased payments in the event of interest rate rises while the customer has to pay the bank in the event that rates fall. […]

Midas balanced adds two EM funds

Two emerging market funds have been added to MAM Funds’ Midas balanced growth fund, reflecting the managers’ focus on real returns above inflation. It has introduced the UBS emerging market equity income and Fidelity emerging market inflation-linked bond funds to Midas balanced growth, which is up by 6.4 per cent in the year to date. […]

Neptune’s Burnett looks beyond Greece

Watch Rob Burnett, manager of the Neptune European Opportunities Fund, discuss the Greek bailout deal and its potential implications for European equities. In the video Rob discusses: Why, with the Greek crisis receding, markets can now focus on Europe’s strong fundamentals The resilience of European markets and why the recovery is on a solid footing […]


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