News

Munich Re has announced Andrew Rear as its new chief executive responsible for UK, Irish, African and Australian life reinsurance markets.

Mervyn King has accepted the role financial services played in leading the country into recession and admitted policymakers did not do enough to prevent it.

Standard Life agreed to sell the only stake it held in an IFA business because it wanted to put "clear blue water" between itself and independent advice models, distribution director Stephen Ingledew says.

Brooks Macdonald Group has revealed increased pre-tax profits over the last 12 months, boosted by its work with IFAs.

BlackRock's chief equity strategist Bob Doll remains resolutely positive on the US economy, predicting 2% GDP growth despite a new surge in double-dip fears.

Openwork has acquired 2plan Wealth Management for an undisclosed sum as the multi-tie network moves to develop a stronger proposition to whole of market advisers.

Resolution confirmed it has acquired the Axa UK Life business, including its protection, corporate benefits and annuities arms.

Policy adviser Ros Altmann is set to join the Saga Group in the newly-created role of director general at the start of October.

Mervyn King will today become only the second Bank of England governor to address the TUC when he speaks at the union's conference in Manchester.

Axa will begin offering variable annuities before the end of 2010, Michael Gregg, managing director of Axa Global Distributors, has announced.