UBS

Aegon has teamed up with UBS Global Asset Management to offer a joint proposition which will extend its presence in the bulk annuity market.

So it seems Newcastle are set to become the latest club to fall into foreign hands - if you can call a bid fronted by UBS, on behalf of a US investment fund, as ‘foreign hands.'

Friends Provident has beaten City expectations with a 40% surge in third-quarter life and pensions sales and a UK market share of 6.9% in the second quarter, says the Guardian .

PEOPLE WITH a private pension will have to put aside an extra £6,000 over their working life to compensate for the two years of lost state pension or retire at 67, an expert said yesterday, reports the Times .

FRIENDS PROVIDENT, the life insurance company, said yesterday sales of life insurance and pension products were nearly a third higher than last year, says the Times .