UBS

Standard Life has added eight new external funds to its life and pensions range, including propositions from Macquarie, Investec and JP Morgan.

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 .