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Aviva Investors 'mistakenly' sacks 1,300 employees
Aviva Investors sent an e-mail by mistake on Friday dismissing its entire staff before retracting the message, according to reports.
Resolution readies 'self-managed' exit from Friends in 2014
Resolution is preparing a "self-managed" exit from Friends Life in 2014 that would see the company split between a fit for purpose life company and a closed life fund consolidator.
Aviva distribution head Lamble exits
Aviva's director of distribution development, Dean Lamble, has left the company after just over a year in the position.
Which? calls for 'tough' regulation of comparison sites
Comparison sites are failing to provide consumers with the best deal and should be strictly regulated, Which? has said.
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BUDGET 2012
PI insurer locks in rates for two years
Collegiate Underwriting has announced a professional indemnity insurance (PII) deal for IFAs, which freezes rates for two years.
Standard Life CEO is 'very excited' about RDR
Standard Life CEO Paul Matthews said he is excited about the roll-out of the retail distribution review (RDR) next year, as he expects more advisers to use its fee-ready wrap and investment solutions.
L&G profits rise as it hikes divi by a third
Legal & General (L&G) has reported an increase in operating profits for full-year 2011 after a marked rise in its investment management (LGIM) and international divisions.
Axa enters IFA professional indemnity market
Aon Risk Solutions has signed a deal with AXA Commercial Lines to provide professional indemnity insurance (PII) for independent financial advisers in the UK.
Aviva UK profits rise as life and pension sales climb 10%
Operating profits at Aviva UK rose 8% to £1.45bn in 2011, thanks largely to a boost in new sales in its life and pensions division.
Boris pleads with Pru after relocation threats
Mayor of London Boris Johnson has written to The Prudential in an attempt to convince the insurer not to relocate its headquarters to Hong Kong.
Weale voices concern over 'persistent' inflation - papers
Martin Weale voiced fears over "persistent" inflation yesterday in a hawkish speech underlining the growing splits at the Bank of England over the path of monetary policy.
Private investigator sold tax data to insurers and brokers
A private investigator who allegedly fed information to the News of the World (NoW) has been jailed for separate charges of ‘blagging' sensitive information from government sources and selling it to insurers.
Pru may move headquarters out of UK over Solvency II rules
Prudential is considering moving its headquarters out of the UK, partly as a response to what it fears may be an "adverse outcome" on Solvency II.
Life settlements fund generates £40m despite FSA 'toxic' label
Life settlements fund EEA has generated nearly £40m in revenues in the last two months, despite its suspension following "unprecedented" redemption requests.
FSA fines adviser £335k for keeping insurance premium payments
A financial adviser has been fined £335,204 by the Financial Services Authority (FSA) after he deliberately retained insurance premium payments meant for the providers of the policies.
Banks urged to reform packaged accounts to stop mis-selling
Banks should allow consumers to select the benefits they want with their packaged accounts to help combat mis-selling of the products, Defaqto has said.
Govt will not place insurance expert on FPC
The government will not ensure the new Financial Policy Committee (FPC) includes an expert on insurance, the Chancellor has said.
Insurers warn of premiums hike as FSA fees climb
Insurers have warned of a fresh hike in premiums for millions of customers after the regulator hit the financial services industry with an inflation-busting 15.6% rise in annual fees.
Friends Life to pull £2.3bn of assets from F&C
F&C Asset Management has told investors it expects to take a £2.3bn hit to its assets under management this year when Friends Life withdraws money from its annuities business.
Aviva shares fall 3% as MetLife buys overseas arms
Aviva's share price fell 3.12% today after it announced it will sell three of its overseas arms to MetLife.
FSCS warns of commission-led claims management firms
The Financial Services Compensation Scheme (FSCS) is warning consumers against using claims management companies to retrieve money from mis-sold payment protection insurance (PPI).
Churchill and Direct Line fined £2.17m for doctoring files
UK Insurance Ltd, the parent company of Churchill and Direct Line, has been fined £2.17m by the FSA for doctoring its customer complaint files.
Brokers eye cross-selling ahead of 'downbeat' 2012
Insurance brokers and life companies will attempt to cross-sell to existing customers in order to compensate for "downbeat" market conditions in 2012, research suggests.
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