Insurer

Ageas has completed its sale of Ageas Protect Limited for £197m to American International Group (AIG).

The financial services industry needs to do more to ensure that products are easily understood by customers, the managing director of Age UK Enterprises has said.

The members of Family Investments and Engage Mutual have both voted in favour of a merger of the two companies which will create one of the biggest mutuals in the UK.

LV= has agreed terms with the Teachers Provident Society, which trades as Teachers Assurance to take over the majority of its business, due to be completed in early 2016.

Jelf has acquired Yorkshire based insurance brokers, Beaumonts Insurance Group Ltd, in a bid to increase its presence in the North of England.

Aviva will consider another transformative acquisition once its takeover of Friends Life beds in, according to reports.

Aviva and Friends Life have agreed on a £5.6bn merger of the two life offices.

Legal & General (L&G) has revealed it will restructure its protection and life and pension businesses following the retirement of L&G Assurance Society chief executive John Pollock.

Scottish Widows has revealed it is planning to offer protection policies via wrap accounts as the firm makes strides on its return to the adviser market next year.

Aviva and Friends Life are to merge in a deal worth £5.6bn.