News

Closed-end life group Chesnara has acquired pensions provider Save & Prosper Group, a subsidiary of JPMorgan Asset Management Marketing, for £63.5m.

AWD Chase de Vere is considering introducing telephone and online-based services to cater for its low value clients next year.

Negotiations to reduce bank bonuses have been hit by the withdrawal of Standard Chartered from talks with the government.

The Treasury Committee has launched an inquiry into Britain's tax policy to find out how it can be used to encourage economic growth.

Alastair Mundy, manager of the Investec Cautious Managed fund, believes lowly valued blue-chip equities are possibly the best hedge against any future economic or market uncertainty.

The Treasury Select Committee has called for written evidence on the RDR, ahead of a three hour debate on the rule change next week.

The protection industry has generally welcomed the ABI's decision not to re-name Total and Permanent Disability (TPD) on critical illness insurance and the agreement on industrywide standards.

Engage Mutual has acquired Provincial Hospital Services Association (PHSA), a not for profit specialist in health cash plans and private medical insurance.

Lord Myners, the former City minister, has called on the Chancellor to prove his claim Britain was "on the brink of bankruptcy" before the coalition government took over in May.

Elevate says the cash rebate ban is "not a massive deal" but has nevertheless vowed to lobby the FSA in an effort to understand the "confusing" rationale behind it.