L&G

Searching for value in the US

Seeking out ‘shooting stars and fallen angels’

Legal & General is to convert its £1.2bn UK Property trust into a property authorised investment fund (PAIF) next month.

Legal & General head of high alpha fixed income Richard Hodges is to leave the group in October.

Invesco Perpetual's Martin Walker tells Dan Jones why now is the time to stick with insurers, and how the rich pickings across the equity market have dried up somewhat.

Cofunds' pre-tax profits for 2013 have fallen 16% after a rise in assets under administration was offset by L&G's attempt to reverse 'years of under-investment'.

The last week has been one of major upheaval in the world of pensions, after George Osborne's latest Budget removed the requirement to buy an annuity, and the FCA then said it was preparing to probe closed life books. But which shares within the sector...

Legal & General, one of the country's largest annuity providers, has said it expects to see revenues from annuity products fall by three quarters by the end of 2015 following a sweeping reform of the sector.

Yesterday's Budget effectively removed the requirement to ever purchase an annuity, causing shares in listed providers to drop over 50%, but is there value in the sector after such a monumental sell-off?

Simon Ellis, the former managing director of L&G Investments' unit trust business, has joined HSBC Global Asset Management.