News

Scottish Life is to offer dedicated support to major IFA firm in the London area who have adopted an ‘RDR-style' business model.

The leaked loan book of Kaupthing bank claims Joe Lewis, the billionaire investor, and Daniel Levy, the chairman of Tottenham Hotspur, pledged part of their majority stake in the football club as collateral for a loan.

A pensioner's birthday wish was ruined this week when Phoenix Life insisted on imposing a £16,500 hit on his pension pot in a fresh row over market value reductions (MVRs).

Income and profit at Swiss insurance giant Zurich suffered significant declines in H1 2009 compared with the first six months of 2008.

Aviva has made a profit of over £700m in the first half of the year but has slashed its dividend to just 9p.

Schroders has recorded a £2.3bn net retail inflow in the second quarter of the year, as the asset manager's strong start to 2009 continues.

Russell Investments, fresh from launching its first fund range to the UK retail market, has launched a website for financial advisers designed to guide them through the current economic and regulatory turbulence.

The Dow Jones has tumbled in early trading, down 0.65% on the back of data showing US companies have cut more jobs than economists estimated last month.

Both the protection and healthcare arms of AXA contributed to the company's UK and Ireland earnings rising 2% for the first half of the year.

Friends Provident has thrown its support behind the introduction of adviser charging in the corporate pensions market.