News

Clive Cowdery, the former head of Resolution and major shareholder at Friends Life, is set to walk away with £160m from the £5.6bn takeover deal announced on Friday.

Aviva has confirmed it is aiming to buy rival insurer Friends Life in a deal worth £5.6bn.

The energy infrastructure sector in the US has outperformed major equity and bond benchmarks over the past five years, posting annualised total returns of 32%, compared to 19% for the S&P 500.

The insurance sector has come under the spotlight this week after Friday's revelation Aviva was seeking a merger with Friends Life in a deal worth £5.6bn.

Miton Group has reopened its UK Multi-Cap Income to new investors after imposing an initial charge last year.

European stocks rebounded on Friday after ECB president Mario Draghi said the central bank is ready to expand its asset purchasing programme if inflation in the eurozone continues to lag.

Veteran manager Anthony Bolton said he had "no idea what was coming" when he handed over management of the Fidelity Special Values investment trust in 2007.

Duncan Goodwin (pictured), manager of the £307m Barings Global Resources fund, spoke to delegates at Investment Week's Funds to Watch event. Here, he outlines his views on the sector and how he has restructured his portfolio.

Standard Life Investments has made two new appointments to its multi-asset global strategy team.

The Financial Conduct Authority (FCA) is reluctant to provide further guidance on key advisory issues on which it has already offered direction, suggesting it would not be helpful.