Assets under management fell 4.3% to £15.5bn at investment platform Ascentric in the first half of 2020, as parent group Royal London reported a loss before tax of £181m.

The Chartered Insurance Institute and Islamic Insurance Association of London have joined forces with the University of Bolton to launch an MBA in Islamic Finance.

Options Pensions has launched a Sharia SIPP in partnership with Islamic investment group Wahed Invest.

Standard Life Aberdeen reported sharp falls in revenue and profits today due to the impact of Coronavirus and Lloyds Banking Group pulling out £25bn of managed funds. 

Bristol-based wealth manager and investment provider Hargreaves Lansdown has reported a 24% rise in pre-tax profit for the full year to 30 June to £378.3m.

Savings and retirement provider LV= has launched a equity release drawdown product on its new equity release platform for Financial Planners.

Figures from the Office of National Statistics showed that 19% of UK workers are unaware of auto-enrolment into a workplace pension scheme.

UK savers pumped £11.2bn into retail funds in the second quarter of 2020, according to the latest figures from the Investment Association.

Over three quarters of UK adults (77.5%) said that the recent Coronavirus pandemic made them realise the importance of having savings to fall back on, according to a recent survey.

Pre-tax profit at Aviva dropped 29% year on year to £1.07bn for the first half of 2020, as the provider pledged to transform its performance and improve efficiency.