Aviva

Clive Cowdery, the former head of Resolution and major shareholder at Friends Life, is set to walk away with £160m from the £5.6bn takeover deal announced on Friday.

UK equity managers are turning to insurers as a way to access the UK's financial sector while avoiding the troubled banks.

Aviva has confirmed it is to buy rival insurer Friends Life in a deal worth £5.6bn which will create a combined business with 16 million customers.

Advisers are less interested in developing online advice solutions for their clients than they were six months ago, research suggests.

Platforms are stepping up their white-label investment offerings to advisory firms as an increasing number of orphaned clients presents a growing challenge in the run-up to the 2016 legacy commission ban.

All seven product providers featured on Sesame's ‘focussed' restricted advice panel have denied breaching the regulator's rules on inducements, after the network was fined £1.6m for selling the coveted spots to the highest bidders.

Annuities sales at Aviva were down 33% in the first nine months of the year however its UK life operation returned to growth in the third quarter, interim results show.

Provider Aviva has launched its third in a series of books aimed at helping advisers connect with their clients.

Friend or foe: Can platforms really help advisers with asset migration?

John McFarlane, the chairman of insurer Aviva, has left the business to become chairman of banking group Barclays.