News

Zurich UK Life delivered a business operating profit of £186m for 2012, up 9% on the previous year, a result Zurich said reflects a focus on writing quality business and controlling costs.

Old Mutual Global Investors' (OMGI) Stewart Cowley believes the so-called ‘great rotation' into equities from fixed income is not occurring on a cash level, despite suggestions to the contrary.

An enterprise investment scheme (EIS) qualification for financial advisers has been launched by The Enterprise Investment Scheme Association (EISA).

A larger-than-usual increase in pension sales in the final three months of last year suggests a "push for commission" among financial advisers, according to research consultancy Fundscape.

Aberdeen has hit the acquisition trail with two new deals, agreeing to buy US asset manager Artio Global Investors and taking a majority stake in private equity fund of funds business SVG.

Standard Life is in discussions to acquire the private client business of Newton Investment Management for up to £90m, according to a report.

Labour leader Ed Miliband is set to condemn the government's decision to scrap the 50p tax rate in a wide critique of the coalition's economic policies, as the political battle lines are drawn ahead of next month's Budget.

Increasing contributions above the minimum level for auto-enrolment is not a priority at present, pensions minster Steve Webb has said.

Legg Mason has appointed Joseph Sullivan president and permanent chief executive, after he served four months as interim chief executive.

Scottish Widows has launched a dedicated automatic enrolment website and telephone based helpline to help advisers dealing with the regulations.