Preheat the oven to 320 F. Mix dry ingredients - flour, salt, and baking powder in a deep bowl. In another bowl, beat brown sugar and diced softened butter.
Add the softened cream cheese to the butter bowl and whip together, then add eggs one at a time. Start adding dry ingredients in small portions. As a result, you will get a smooth thick dough. Now take out 10 slices of fruit from your can and set aside, drain juice, and dice up the remaining. Fold those into the batter gently.
Spray inside of bundt pan with non stick spray lightly. Add your 10 whole slices of peaches in the bottom in one layer. Sprinkle the peach slices with the brown sugar and ground cinnamon topping mixture, then drizzle with melted butter.
Pour the batter on top of those slices. Cover the pan with foil. Put the baking dish in the preheated oven and bake the cake at 320 F for 30 minutes, then remove the foil and bake the cake for another 30-40 minutes at 340 degrees F.
The readiness of the cake can be checked with a wooden skewer - it should not be wet but with moist crumbs attached. Remove and set on a cooling rack.
Let the cake cool for about 30 minutes, then carefully put a large plate or wire rack on top and turn the pan over to remove the cake.
Wait for it to cool down for 30-40minutes. Make the glaze by mixing powdered sugar and milk in a large glass. The glaze should be thick enough to slowly run down the edges of the cake. Cover the cake with glaze and leave for 15-20 minutes. Peach cobbler pound cake is ready to serve.