Friends Life

Major shareholders, including Old Mutual's Richard Buxton have thrown their weight behind Aviva's £5.6bn takeover bid of Friends Life, saying the deal would strengthen both sides.

Friends Life has launched the first employer funded group cancer workplace benefit in the UK.

Aviva will consider another transformative acquisition once its takeover of Friends Life beds in, according to reports.

Aviva has agreed to buy Friends Life for £5.6bn in a deal that will create the UK's largest insurance, savings and asset management firm.

‘Why oh why would Aviva want to takeover Friends?' Industry reacts to deal talk

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.

Friends Life may offer multi-asset funds when it launches its retail platform in April next year, its chief executive has confirmed.

Sesame Bankhall Group has set aside £31m for possible customer redress as "a number" of business reviews with "uncertain" outcomes are completed, parent company Friends Life has announced.

Six million homes, half of all mortgaged residential property in the UK, could be at risk because the owners are not covered by any form of protection insurance, according to research from life and pensions provider Friends Life.