Prudential is set to name Paul Manduca as its next chairman after a five-month search to replace Harvey McGrath.

Governor of the Bank of England, Sir Mervyn King, will signal on Wednesday that interest rates will remain around their record low until the end of next year at the earliest.

Friends Life increased new business in the last three months with total sales on reaching £292m, up 8% on the same period last year, results show.

Punter Southall Group has launched an at-retirement business focused on annuity broking and pre-retirement communications led by two former Origen executives.

Aviva has agreed to review pay deals for its new executives following shareholder discord over its remuneration report.

The Financial Services Authority has confirmed it will toughen up rules on transfer value analysis.

Members of the Pensions Action Group have renewed lobbying MPs to improve their compensation package from the Financial Assistance Scheme.

Millions of pounds taken from nine defrauded pension schemes were transferred to two shell companies before being disseminated to a multitude of "risky" investments, a court heard yesterday.

Tony Morris was a "deeply involved central figure" in the alleged £52m GP Noble pension scheme fraud and instigated the illegal transfer of funds, a court has heard.

The trial of Tony Morris, who is accused of defrauding a number of pension funds as part of the £52m GP Noble fraud, has started at Southwark Crown Court.