Zurich is to cut 200 jobs from across its UK Life business.
Legal and General Investment Management(LGIM) reported a 14% increase in operating profit to £234m for 2011, while AUM rose 5% to £371bn, from £354bn the previous year.
Legal & General International (Ireland) and Suffolk Life have named Skandia as their new distribution partner.
Tim Breedon, CEO of insurance group Legal & General (L&G), is to retire from the company at the end of 2012, when he will have completed a quarter of a century at the insurer.
Friends Provident's board has recommended shareholders accept the latest acquisition offer from Resolution.