L&G

Potential interest rate rise in 2014 could prompt flight from fixed income into commercial property.

Former Legal and General head of structured solutions James Harrington is joining Lowes Group as a consultant.

PSigma Investment Management CIO Tom Becket has sold out of the £11bn Invesco Perpetual Income fund after ten years following news of manager Neil Woodford's departure.

Legal & General Investments has launched a range of five risk targeted multi-asset funds with an AMC of just 0.25%, as it looks to benefit from the move by advisers to outsource fund selection.

Legal & General Investments has axed Robert Churchlow, the group's head of UK equities, from his two UK mandates, with the manager's future now uncertain after the company declined to comment on whether he still worked for the firm.

Old Mutual's Stephen Message is looking to life companies with their own platforms to boost dividend payments for his fund.

Legal & General Assurance Society has acquired closed UK annuity buy-out company Lucida from LCM Holdings in a deal worth £151m.

Andrew Thomas, head of product development at Legal & General Investments, has left the firm to pursue a new opportunity in the industry.

Justin Onuekwusi, former lead manager on Aviva Investors' multi-asset funds, is to join Legal & General.

Cofunds has reported an annual profit fall of 15% for 2012, despite increasing turnover and assets under administration (AUA).