Martin Wheatley, the chief executive of the Financial Conduct Authority (FCA), is facing calls for his resignation after the regulator made an "extraordinary blunder" that hit insurers' share prices, according to reports.
The last week has been one of major upheaval in the world of pensions, after George Osborne's latest Budget removed the requirement to buy an annuity, and the FCA then said it was preparing to probe closed life books. But which shares within the sector...
Shares in Resolution and peers tumbled today following reports the FCA is to probe 30 million legacy insurance policies.
The "improper" allocation of trades in fixed income securities by two former employees cost Aviva Investors some £132m, it has announced.
New entrants to the UK asset management market face stiff competition from established providers, but with barriers to entry falling, more and more European firms are entering the fray.
Aviva Investors plans to launch a low volatility absolute return fund as it simplifies its product offering following the arrival of Euan Munro as CEO, Investment Week can reveal.