Technology Programme Intern

L&G makes senior appointment within institutional retirement business. L&G has promoted Rachel Cutts as to be head of origination and execution within its institutional retirement business. Cutts has been with L&G for nine years, most recently working as chief of staff to institutional retirement CEO Gareth Mee. Prior to this she was execution director, leading complex transactions and working closely with trustees, advisers and EBCs across the market. Her appointment reflects L&G's continued focus on risk transfers and helping DB schemes secure their members' benefits for the long term. L&G says that schemes increasingly look beyond pricing alone, with greater emphasis being placed on execution certainty, transition support and member experience when selecting an insurer. In Cutts new role, she will lead the team responsible for supporting schemes through the transaction process, working across origination, execution and the wider business to help deliver a joined-up journey for trustees, sponsors, advisers and members. L&G managing director, PRT, institutional retirement John Towner says: "This appointment reflects the strength of talent within its business and the strong reputation Cutts has built across the market over many years. "She combines technical expertise with strong commercial judgement and is highly regarded for her ability to build trusted relationships, understand clients' objectives and help them navigate complex challenges." He adds that Cutts has played a key role in a number of the insurers most important transactions. He adds: "Her leadership will help ensure we continue to deliver the high standards of service, responsiveness and support that clients value from L&G, while maintaining our focus on positive outcomes for members." L&G head of origination and execution, institutional retirement Rachel Cutts adds: "As the PRT market continues to grow and becomes increasingly sophisticated, clients are looking for a partner that can deliver expertise, certainty and a seamless experience throughout the initial buy-in transaction, the journey to buyout and beyond. "Over my nine years at L&G, I've seen first-hand the strength of our team and the value of combining market-leading execution with long-term support for clients and pension scheme members. I'm looking forward to leading the origination and execution team and building on that strong foundation." Video.

Canada Life appoints BPA MD. Canada Life has appointed Dominic Moret as managing director of bulk purchase annuities. He will lead the insurer's end-to-end BPA proposition and its growth strategy, reporting to chief executive Emma Watkins and joining Canada Life's executive committee. Moret joins from Legal & General, where he was most recently head of origination and execution, leading the commercial team and overseeing the development of its BPA proposition, external relationships and the delivery of BPA transactions through to buyout. He has more than 20 years' experience across the pensions and insurance sector, including 12 years in the UK BPA market. Canada Life UK chief executive Emma Watkins says: "Canada Life's BPA business has strong momentum, achieving important milestones in the last year, including taking its first schemes with deferred members to buyout and delivering an industry-first buyout member experience through its Your Life Hub, with WeCare at its heart. Dom brings exceptional leadership and deep market experience, positioning Corporate Adviser to accelerate its BPA strategy and scale for the future. "His appointment marks a real step change in Canada Life's ambition in the BPA market and reinforces our commitment to being a long-term partner of choice for pension schemes and their members." Canada Life managing director, Bulk Purchase Annuities Dominic Moret says: "I was attracted to Canada Life by the combination of a strong and established platform, talented people and a real ambition to grow in the BPA market with the backing of global parent Great-West LifeCo. I'm excited about the opportunity to build on the progress already made and take the business to its next phase. "For me as Managing Director, that means combining commercial ambition with a relentless focus on the experience we deliver to pension scheme members and trustees, and building on solid foundations to further develop our capabilities and build stronger, long-term relationships with pension schemes and their advisers." Video.

Leopard Capital completes Amazon Distribution Centre sale. Leopard Capital, the property investment fund, has completed the sale of its Amazon Distribution Centre in Welwyn Garden City to Legal & General (L&G) for £5.525 million. The unit is let to Amazon UK Services Ltd on a new 10-year lease from April 2026, following a lease regear completed ahead of the sale. The disposal follows an approach made by L&G, which owns the neighbouring CityPark estate. Knight Frank advised the seller and Kimmre acted for the purchaser Knight Frank head of industrial capital markets Will Grubb said: "Logistics Manager is delighted to have advised Leopard Capital on this off-market disposal, having advised on the lease renewal earlier in the year. "We continue to see strong demand for well-located industrial assets in core South East markets where there is continued rental growth forecast; this is a trend we expect to continue throughout 2026." Reuben joined Akabo Media as assistant editor of CiTTi - one of Logistics Manager's sister publications - in October 2023. He has worked in digital and print publications since graduating in MA Publishing in 2022. He holds a great interest in transport technology and innovation. Outside of work, Reuben is also a huge football fan. 19th August 2026 18th August 2026