News

Phoenix Group, the closed ended fund consolidator, is considering a takeover offer, believed to be around £1bn, from private equity firm CVC Capital Partners after a bid from rival Resolution fell through.

Aviva Investors' Justin Onuekwusi has increased his exposure to risk assets across his multi-asset portfolios in recent months, including taking his first positions in high yield debt.

Volatile market conditions have presented a unique opportunity to gain exposure to assets previously considered "toxic", according to David Coombs, head of multi-asset management investments at Rathbones.

The sickness absence review is expected to call for a government funded panel to judge people's ability to work, taking the responsibility away from doctors.

Simplyhealth believes the NHS is crumbling and now is the best chance to change the structure of the country's healthcare system in the last 50 years.

Aviva's share price has fallen 2.2% on news it is entering the US retail market with the creation of capital securities worth $400m (£295m).

The Financial Services Authority has sought to calm any concerns advisers may have about getting their statement of professional standing (SPS), reminding them of the 60 day window they have after RDR-implementation.

Ten of this week's best-read stories...

The FSA is set to undertake an examination of how platforms are regulated in other countries as part of its ongoing research into platform remuneration.

The Financial Services Compensation Scheme (FSCS) has reassured savers with Northern Rock plc and new owner Virgin Money that account holders will have separate cover at each of the two banks.