Friends Provident

Friends Life has confirmed 150 jobs are under threat of redundancy as part of an ongoing company restructure and cost-cutting plan.

Specialist investment house Newscape Capital Group is readying the launch of a global spin-off fund aiming to take advantage of businesses going through demergers.

Buyout vehicle Resolution expects to have £500m of excess cash to return to shareholders over the next 12 months after completing its review of new proposition Friends Life.

Aviva has appointed Trevor Matthews as CEO of its UK region and as an executive director of Aviva.

Asset TV spoke recently with Angus Murray, chief executive at Castlestone Asset Management, on the rationale for launching an exclusive share class for Friends Provident International's mirror fund range - Castlestone Aliquot Gold Bullion. He also explained...

Clive Cowdery's Resolution acquisition vehicle has set its sights on acquiring an asset management firm.

Clive Cowdery's Resolution consolidation vehicle has received 95.5% shareholder take-up of its £2bn rights issue, which will help fund its part acquisition of Axa's UK business.

ETHICAL

Resolution Group, the consolidation vehicle which bought Friends Provident last year, is in talks to buy AXA UK's annuity, protection and group pensions business for £2.75bn.

Top five funds in IMA Strategic Bond sector all return above 4% over one year against an average of 23.1%