Insurance giant Zurich has revived its attempt to acquire rival business RSA with a new proposed cash offer of 550p per share, valuing the company at about £5.6bn.
Shanghai index falls another 7.6%
Chancellor issues warning after nearly 5% FTSE drop
Research firm adds 46 trackers to recommended list
Managers stand firm as panic-selling continues
How Tower Hill Associates manages £55m of clients' money
Mixed fortunes: Which fund groups soared in H1?
NEST's fresh approach to the retirement 'glidepath'
Financial markets are "ripe for major decline" next year, according to a fund manager who forecast the dotcom bubble and 2008's global credit crisis.
Friends Life is planning to transfer £24bn worth of segregated mandates from AXA Investment Managers to Aviva Investors, following its takeover by the latter's parent company at the end of last year.