Prudential

Robin Geffen, the leader of the revolt against Prudential's $35.5bn bid for AIA, has labelled the insurer's bosses "petty-minded" after claming he is being frozen out of talks with management following the collapse of the deal.

Pension providers are seeing a rise in lump-sum contributions to retirement funds ahead of the Budget, amid concerns the Chancellor will push ahead with plans to cut higher rate tax relief.

The FSA has appointed Tom Boardman as senior adviser on life insurance.

Fidelity and LGIM, both large shareholders in Prudential, are among a number of asset managers set for showdown talks with the insurer's directors next week.

Prudential's top executives are in the firing line at the company's AGM today as they face down shareholders angry over the insurer's failed bid for Asian insurer AIA.

Prudential's UK business has seen only muted growth in comparison to its US and Asia arms since the start of the year.

A number of the UK's most respected fund managers have called for the removal of Prudential CEO Tidjane Thiam.

The at-retirement market has entered what may well turn out to be a period of significant change.

Prudential is canvassing support from shareholders to stave off calls for chief executive Tidjane Thiam to go following his failed bid for AIA.

The FTSE closed slightly down this afternoon after a turbulent day which saw Prudential finally back down from its bid for AIA.