Insurance

Consulted on fund illiquidity

Tulloch making his mark

Briggs headed up insurance business

McGhee joins from banking trade body

Prudential chief executive Tidjane Thiam has been named as the surprise new head of Credit Suisse.

Restricted adviser network Sesame would be broke and unable to trade without the continued financial support of its parent company Friends Life, Aviva has said in a note to shareholders ahead of its planned acquisition of the provider.

Aviva's £5.1bn acquisition of Friends Life could see as many as 1,500 jobs cut, the company has said.

The Financial Conduct Authority (FCA) has apologised for shortcomings in its handling of a media briefing ahead of the publication of its latest business review, saying it accepts the criticisms and will implement changes to "sharpen its focus".

Scottish advisers are overwhelmingly against an independent Scotland, according to figures from a Personal Finance Society (PFS) poll.

John Betteridge, the former chief investment officer of Prudential's UK insurance division, has joined Rowan Dartington to head its asset allocation team.