Legal & General

L&G Investment Management (LGIM) has restructured its senior team to reflect a pair of new roles, a retirement and several promotions.

Members of the executive committee at the Financial Conduct Authority (FCA) stand to lose their bonuses over the blunder that caused a collapse in prices of large insurance companies, according to reports.

Fund buyers have called for more transparency on passive fund costs not contained within the ongoing charges figure (OCF) - even as a price war cuts headline fees to record low levels.

THE BIG QUESTION: PART II

Martin Wheatley, the chief executive of the Financial Conduct Authority (FCA), is facing calls for his resignation after the regulator made an "extraordinary blunder" that hit insurers' share prices, according to reports.

THE BIG INTERVIEW

Legal & General has agreed to acquire US investment group Global Index Advisors in a $50m deal.

Financial research group Defaqto has appointed former adviser network director Frank Potaczek to head up its insight and consulting wing.

Cofunds has scrapped its annual £40 fixed platform charge for clients using its explicit pricing model, following its takeover by Legal & General.

Cofunds chief executive Chris Last is to retire from the platform just six months after taking over the role.