New business at the asset management arm of Royal London (RLAM) plunged 32% in the first six months of 2008 compared with the same period last year, while new business at Bright Grey, its protection proposition, also fell.
The FSA has postponed publishing its feedback on the Retail Distribution Review (RDR) until November.
AXA UK says up to 500 jobs could be lost in ‘support services' as part of a move to a new operating model.
House prices have fallen back to the same level seen in June 2006, according to the UK's biggest mortgage lender.
China's economic strength will continue well beyond the Olympic Games, underpinned by further growth in domestic consumption and a strong export performance, says HSBC's Christian Deseglise.
A miner-led surge has driven the FTSE100 ahead in mid-morning trading, up 0.61% to 5519.80.
The seventh biggest financial gaffe is ‘trusting an IFA', a survey of more than 3,000 people has found.
Alistair Darling's lingering hopes for a rapid revival in the faltering economy next year were undercut yesterday as the International Monetary Fund reduced its forecasts for Britain's growth and sounded a warning that the country faces two years of economic...
Friends Provident saw profits plunge 20% and UK new business dip 12% in the first half of the year, as it began to implement its new strategy.
With an increasing number of supermarkets offering insurance cover such as life and mortgage payment protection, one would expect demand to increase over the coming months.