Norwich Union

Millfield has sold its stake in Lifetime Group for £9m to Norwich Union (NU), increasing the provider's majority stake in the firm from 71.3% to 97.4%.

For a while, the financial services distribution battle seemed to be about product providers feverishly buying up intermediary firms.

Assureweb is now wholly-owned by a consortium of five product providers as Misys has sold Sesame's remaining 60% stake in the IFA portal to its existing shareholders.

Norwich Union has substantially raised regular bonus rates for the first time ever on with-profits policies opened over 10 years ago.

Industry speculation suggests Assureweb is close to signing a new shareholder deal with a consortium of life insurance companies.

Money Box's programme on The Sins of Commission and possible solutions to the public perception of IFA commission generated a plethora of responses market ranging from criticism of the journalistic bias to support for fund manager performance-based...

The BBC's Money Box will tonight broadcast a programme at 20:02 suggesting commision bias is still a problem across the financial services industry.

Norwich Union is launching a summer campaign targeted at a select contingent of its pension clients informing them of an intention to automatically contract them back into the state second pension (S2P).

Norwich Union has this morning confirmed plans to launch a manager of managers funds range next week.

A new wrap platform offering investment aggregation has hit the UK market as Lifetime Group has officially launched the Bigger Picture.