New Aviva chief executive Maurice Tulloch has announced a major restructuring which will see the group streamlined into five divisions and both substantial investment and cost cutting between now and 2022.

A quarter (24%) of people globally are concerned they are not saving enough ahead of retiring, with baby-boomers most fearful they are lacking savings, Schroders’ Global Investor Study 2019 has found.

Insurers, professional bodies, guidance services and financial advisers revealed what they will do to support Insuring Women’s Futures, a CII-led initiative. 

Independent financial and corporate adviser Chase de Vere has called on product providers to do more to meet a “growing demand” to provide easy access to ethical and socially-responsible investment funds in their workplace pensions.

A third of over 50s say they do not think they have enough money to provide them with sufficient income for their retirement.

Research by a financial provider has found that 4.8m people who could ‘comfortably’ pay for financial advice reject seeing an adviser even though it could be of financial benefit to them.

The Government has promised doctors in England that their tax bills will be covered by the NHS in an attempt to get them to do overtime shifts.



Trade association PIMFA, which represents 1,000 investment managers and financial advisers has launched a new ‘Financial Journeys Campaign’, to help highlight the importance and link between financial and mental wellbeing.

The Competition and Markets Authority (CMA) is investigating the completed acquisition of GBST Holdings Limited by FNZ (Australia) Bidco Pty Ltd.

The FCA and the Prudential Regulation Authority (PRA) have banned and fined Stuart Malcolm Forsyth, the former CEO of a small mutual insurer, £78,318 and £76,180 respectively.