Friends Life

Friends Life is forecasting a total cost of £280m for its business restructure and outsourcing programme, latest results show.

Friends Life has launched its auto-enrolment offering for employers.

Friends life has held annual bonus rates on its with-profits funds as the provider experienced positive investment returns over the past year.

Sesame Bankhall has confirmed Barclays has been appointed to review "strategic options" for the group, seemingly confirming industry speculation that parent Friends Life is putting the network up for sale.

Friends Life is launching of a suite of online tools for advisers to assist them in advising clients on long term care solutions, particularly those receiving or about to receive care.

Industry insiders have confirmed Friend's Life is touting for bidders for Sesame Bankhall Group as the insurer continues its broader cost-cutting and restructuring plans.

Symponia is calling for life offices who sold pre-funded long-term care plans to help families of policyholders track down forgotten or unknown policies.

Insurers have warned against "distracting" the National Employment Savings Trust (NEST) from its original purpose by lifting government-imposed restrictions.

Friends Life has said that 150 jobs are under threat of redundancy as part of an ongoing company restructure and cost-cutting plan.

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