Scottish Widows Investment Partnership (SWIP) has seen outflows of £6.6bn from the business in 2012, after investors opted to move out of its insurance products.

Friends Life has launched its auto-enrolment offering for employers.

Annuity specialist MGM Advantage, a mutual society, has been sold to private equity firm TDR Capital.

A Supreme Court victory for the Financial Services Authority (FSA) could result in the regulator becoming more litigious, according to law firm Taylor Wessing.

RETIREMENT

Moving to a flat-rate single tier state pension will take the risk out of advising people on whether it pays to save for retirement, MPs heard.

Self-invested personal pension (SIPP) provider Stadia Trustees has stopped accepting all new business.

Hargreaves Lansdown is to launch a fully integrated corporate wrap and flexible benefits system.

Fund managers' and pension funds' dedication to pursuing short-term investment goals is causing severely reduced returns, a panel of MPs heard.

European bond and stock markets saw a sharp sell-off on Monday after a shock result from the Italian election, where no political group managed to win a majority vote.