Insurance

Blue chip insurer Aviva's shares have fallen 14% after the group revealed a £3bn loss in 2012 caused by a huge writedown in its US business.

Insurance giant Legal & General (L&G) has reported increased operating profit of £1.09bn in 2012, beating analysts' forecasts thanks to double digit sales growth.

St James's Place has broken its silence over its sacking of Taube Hodson Stonex Partners (THS) after a twenty-year relationship.

The Financial Services Compensation Scheme (FSCS) will not compensate investors bringing claims against Rockingham Independent for allegedly negligent advice - meaning there will be no additional levy for advisers.

The Personal Finance Society (PFS) has announced that Scott Goodsir, managing director and head of wholesale for BNY Mellon Asset Management, has been appointed as an adviser to its board.

Former world heavyweight boxing champion Mike Tyson is suing his financial adviser for allegedly embezzling more than $300,000 from him.

Around 12,000 pensioners who hold annuities with Legal & General have been left without their regular payouts after a technical blunder.

A man and woman from Enfield who ran a financial advice firm have each been jailed for two years for fraudulently trying to claim almost £145,000 in Gift Aid.

Sanlam Private Wealth has acquired the client bank of two more financial planning companies as part of its drive to increase its presence in the UK.

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