Standard Life chief executive Andy Curran will retire in the summer after 35 years in the sector and five years at the helm of Standard Life.

Joint venture investment manager Future Growth Capital (FGC) says it has received regulatory approval to launch the first UK dedicated multi-asset Long-Term Asset Fund (LTAF).

Retirement and insurance firm Phoenix Group, owner of Standard Life, has scrapped plans to sell its over-50s insurance specialist Sun Life.

A retirement crisis will take hold within the next two decades without policy change to address widespread under-saving, according to Phoenix Insights.