Friends Life

Aviva will slash around 1,500 jobs if its proposed takeover of Friends Life is approved by shareholders in March.

Aviva has agreed to buy Friends Life for £5.6bn in a deal that will create the UK's largest insurance, savings and asset management firm.

Aviva has proposed to buy rival insurer Friends Life in a deal worth £5.6bn which will see the companies merge.

Friends Life has appointed an independent governance committee (IGC) to oversee its occupational pension offerings.

Hymans Robertson has announced a partnership with Friends Life, Legal & General and Zurich UK Life to deliver its Guided Outcomes (GO) defined contribution platform.

State Street Global Advisors (SSgA) has increased the size of its defined contribution (DC) pensions team.

The government must make an "urgent decision" on the specifics of the guidance guarantee to ensure the April 2015 deadline is met, Friends Life has said.

At least 26% of medium-sized employers currently use pension schemes that do not meet the government's proposed 0.75% auto-enrolment (AE) charge cap, Jelf says.

Friends Life is changing its charging structures to reflect a proposed ban on active member discounts (AMD).

Insurers say they are struggling to set up independent governance committees (IGCs) for their contract-based schemes and hire suitable candidates due to a limited timeframe.