Norwich Union

Norwich Union has reaffirmed its commitment to wrap following the news it has handed the administration of its Lifetime platform to Scottish Friendly.

Norwich Union has announced it will transfer its problematic Lifetime wrap business onto Scottish Friendly's platform proposition.

Norwich Union owner Aviva says its European exposure helped it keep market turmoil at arm's length and post a 12% rise in first-half profit.

Norwich Union will offer nearly one million with-profits policyholders £1bn in reattribution to forgo any possible future inherited estates payouts.

Standard Life has been hit with the huge task of writing to around 35,000 customers in its pension and investment plans to explain about errors in the pricing of some internal funds.

Norwich Union has launched an income protection product to counter the "potentially devastating" financial effects of long-term incapacity.

Bravura Solutions, a global supplier of wealth management applications and professional services, has expanded its agreement with Scottish Friendly to service Norwich Union's Lifetime proposition.

Aviva, the owner of Norwich Union, is to cut up to 1,800 jobs in the next two years as part of a restructuring in its general insurance arm.

Norwich Union has reduced the fund and transfer values on all its conventional with-profits funds by up to 9%, it has been revealed.

Norwich Union is to host a series of investment roadshows in May and June giving advisers the chance to quiz a number of fund managers.