News

Friends Life is forecasting a total cost of £280m for its business restructure and outsourcing programme, latest results show.

Legal & General has acquired the remaining 75% of Cofunds it does not currently own, in a deal worth £131m.

The UK's five major banks could see their profits take a significant hit in 2012 as regulatory pressures and a series of recent scandals take their toll, according to KPMG.

The Governor of the Bank of England has said the financial crisis is "far from over" as he joined fellow central bank chiefs, including Ben Bernanke, to discuss economic policy.

Resolution full-year profits were down to £274m after increased integration costs hits returns, however the insurance operation raised its dividend to 6.3%.

One in ten advisers are now restricted compared with one in 30 in fourth-quarter 2012, and this will increase to one in six by the end of the year, research predicts.

A City trader, jailed for conning wealthy investors out of £316m to fund his luxurious lifestyle, has been ordered to repay just £1.

Proposals to make auto-enrolment more efficient for employers have been outlined by the government.

Legal & General (L&G) has agreed to acquire the 75% share capital of Cofunds which it does not already own, for a cash consideration of £131m.

Barings has added a multi-asset fund to its range with the launch of a Euro Dynamic Asset Allocation fund.