Friends Life

Auto-enrolment will spark a surge in pension business and providers could struggle to cope with increased volumes unless they prepare now, Friends Life has said.

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.

Friends Life has inked a deal with FundsNetwork which will see the platform supply an ISA and fund range to retail customers within its heritage business.

Who moved where in another busy week in financial services?

Scottish Widows will provide employers with access to B&CE's People's Pension via its auto-enrolment online hub.

Retirement Planner's round-up of the top pension stories this week.

Around a third of consumers want to be able to contribute to their pensions via automatic teller machines (ATMs), Friends Life has said.

Fairbairn Private Bank and Lombard International make new appointments.

Friends Life has launched an online workplace savings platform.

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.