155,000 long-standing policies worth £2.7bn from closed book of business sold to Scottish Friendly as Canada Life focuses on annuity market
Set to happen on 4 April
Retains platform and financial advice business
Covers nine month period
The Financial Ombudsman Service (FOS) will maintain its current funding model for the next financial year despite recognising it is unsustainable in its current form.
'Jury still out' on technology and advice
Total pay of £710k in previous financial year
Should Lifetime ISA restrictions be relaxed?
Takes up position this summer
Life and pension advisers face £90m levy demand
Ten years in the job
Takes over from Andrew Bailey
Third acquisition in past month
McDermott: 'I wouldn't rule it out but we will not reverse RDR'
Toby Strauss, the chief executive of Scottish Widows, is to exit the group after four years.
Positive Solutions has reappeared in the Financial Ombudsman Service's (FOS) list of the top five most complained about advice firms.
A major review into consumer access to the financial advice market has been launched by HM Treasury and the Financial Conduct Authority (FCA).
Liberal Democrat MP Steve Webb, who has served as pensions minister for the last five years, has lost his parliamentary seat.
Steve Webb remains "open minded but sceptical" about private income protection insurers becoming involved in the state welfare system.
Insurer Zurich paid out on 94% of its critical illness policy claims last year, up from 90% in 2012, latest statistics show.
More than a quarter of advisers saw preparation and implementation of the Retail Distribution Review (RDR) as the "toughest" period in their professional life, a survey has found.
The cost of dealing with the country's ageing population will increase government spending by about 4% of GDP - or £61bn in today's terms - by the 2060s, according to government projections.
Getting financial advice on long-term care (LTC) is a welcome part of the latest Care Bill, however, it is not essential that advice is independent, trade body Symponia has said.
Partnership Assurance is to float on the London Stock Exchange.
The Financial Conduct Authority (FCA) plans to use the element of financial penalties it retains after passing cash to the Treasury to lessen fees across those it regulates.
The money banks have set aside for payment protection insurance (PPI) mis-selling compensation will run out by the end of the year, according to analysis from Which?
The Solicitors Regulation Authority (SRA) is to recommend that members are allowed to refer clients to both restricted and independent advisers.
The Money Advice Service (MAS) has hired Caroline Rookes as its new chief executive to succeed Tony Hobman.
Aviva's programme of job cuts, which will see 800 staff made redundant, is on track to save the insurer £250m by the end of the year, according to latest results.
More than 700,000 people contacted the Money Advice Service (MAS) in the last six months, an increase of 8% compared to last year.
The coalition will introduce the £35,000 cap on social care costs as recommended by the Dilnot "as soon as" it is able, the health minister said today.
A former adviser who won £25,000 in compensation after being unfairly dismissed for 'drunkenly offending' a client is still awaiting her payout months after the case was resolved in her favour.
A former tied adviser who defrauded a friend out of £22,000, pocketing £10,000 for himself, has escaped jail but must repay the money.
Tidjane Thiam has been named as the next chairman of the Association of British Insurers (ABI).
Zurich plans to make 90 redundancies from its UK life business as part of cost cutting measures in light of the challenging economic environment.
An alliance of long-term care groups and campaigners has created a six-point plan calling for urgent and significant reform of the country's "unfair system".
Confidence in the financial services industry has dramatically improved in the last quarter, with life insurers and investment managers "particularly bullish", a poll shows.
Life insurance policies and annuity contracts will come under increased scrutiny from HM Revenue & Customs (HMRC) as it cracks down on income tax avoidance.