Friends Life has launched Friends Life Investments (FLI), its in-house asset management business with £6bn assets under management.

A millionaire property developer has been ordered to pay a total of £830,000 in fines and compensation for evasion of inheritance tax.

The Bank of England is likely to pump another £50bn into the UK economy today, in the latest round of quantitative easing.

The board at Barclays was told less than six months ago that the relationship between the bank's senior management and the City watchdog had "broken down", according to reports.

Aviva has overhauled its senior management team and announced a revised strategic business plan after major shareholders raised serious concerns.

More than 80% of annuity providers think the government should step in to address the unintended negative consequences that the Retail Distribution Review (RDR) will have on people with small pension pots.

Mike Morrison, head of pensions development at Axa Wealth, is to leave the firm to join AJ Bell as head of platform marketing.

Who moved where in another busy week in financial services?

IHT PLANNING

Lloyds Banking Group has agreed terms of the deal to sell 632 branches to the Co-op after a long-running takeover battle, the Telegraph reports.