Industry

Aegon UK has denied a report suggesting its Dutch parent is preparing to offload its British life and pensions business for £1.5bn.

The new Government has announced plans for a total shake-up of financial services regulation to conclude in 2012, which is also the deadline for IFAs to meet RDR requirements.

A new multi-asset company, which uses the investment expertise of former Insight pair Patrick and Ana Armstrong, is being launched offering advisers equity stakes.

GOSLING'S GROUSE

It is not surprising with the national debt at around £156bn the new coalition Government has focused on deficit reduction ahead of encouraging further long-term savings in its first few weeks in office.

CONTRARIAN INVESTOR

THE ALCHEMIST

The Centre for Policy studies has proposed an annual savings limit of £45,000 across Isas and pensions with the aim of simplifying and encouraging savings.

Prudential's top executives are in the firing line at the company's AGM today as they face down shareholders angry over the insurer's failed bid for Asian insurer AIA.

Skandia is to launch a range of 20 single manager funds, giving retail investors first-time access to a line-up of global institutional managers.