L&G commits to UK retail market despite exit of structured products head
Declining sales figures blamed for the redundancy of Legal & General structured products head James Harrington, but it's 'business as usual', says the firm
Legal & General (L&G) is "categorically" not pulling out of the UK retail structured products market, despite making head of structured solutions James Harrington redundant, according to a London-based spokesman at the firm.
The issuer maintains a close link to Barclays and acquired the remaining 75% share in Cofunds, a UK investment platform with £48 billion of assets under management in March. Legal & General Investment Management paid £131 million ($210 million) for the Cofunds platform.
The
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