|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
Monday 29th of June 2009

News Tag: L&G

June 24, 2009

Lloyds Banking Group and L&G announce job losses

by Kay Murchie
Yet again the financial services sector has been dealt a heavy blow with the news that Lloyds Banking Group is shedding 240 offshore banking jobs. Furthermore, Legal & General (L&G;) has confirmed plans to axe 200 positions from its protection and annuities business in Hove, Cardiff and Kingswood in Surrey. Lloyds Banking Group, which is 43% state-owned, has shed thousands of ...

May 12, 2009

L&G announces further 560 job losses

by Kay Murchie
Insurance firm Legal & General (L&G;) has announced it is to axe 560 jobs in its savings business with 300 full-time staff and 260 contractor and temporary worker positions to go. The cull is in addition to the 450 job losses among support staff announced in February. A spokesperson for L&G; said: "Potential redundancies are being driven by changing business demand, operational ...

March 24, 2009

Homeowners opt for fixed-rates

by Gill Montia
Homeowners opt for fixed-rates
Research from Legal & General (L&G) indicates that more homeowners are opting for fixed-rate mortgages. The insurer's Mortgage Purchase Index for the first quarter of 2009 shows 72% of residential borrowers choosing a fix, compared to 65% in the last three months of 2008. Buy-to-let borrowers followed the trend with 68% of property investors choosing fixed-rate deals in the first three months of 2009, compared ...