AXA UK suffered a 19% fall in underlying earnings in 2008 with a huge 44% drop for the Life and Savings part of the business, down from £174m to £97m over the year.
The FTSE 100 was up a fraction in early trading after falling to a three month low at the end of trading on Wednesday.
The value of Legal & General's with-profits fund fell 18% during 2008, leading to a cut in bonus rates.
A fresh stimulus to the economy through tax cuts or spending on public works projects could come in the April Budget, a government document released by Gordon Brown hinted yesterday, according to The Times .
Employers are being warned not to cut contributions to their final salary pension schemes if they are still able to pay dividends to shareholders.
Almost half of UK savers have been forced to dip into their savings in order to survive the credit crunch while 14% have cut back or stopped saving completely.
Lyxor Asset Management continues to offer the largest equity ETF in Europe. The Lyxor ETF DJ Euro...
Offshore advisers could be putting their clients at risk of being hit with higher tax charges by not recommending trusts, according to Skandia International.
The Isle of Man must act now if it is to prevent being blacklisted as a 'tax haven' by new laws to be passed by President Obama's administration.
Markets fell in London today as US investors mulled a further request for aid by the car industry.