Triple lock could see state pension grow by 8% after latest earnings data

The sale comes one year on from Phoenix acquiring rival life insurer ReAssure Group

Chancellor Rishi Sunak has plans to freeze the lifetime allowance for the rest of the current parliament in a "stealth tax" on the wealthy, according to reports.

Phoenix has bought the Standard Life brand from Standard Life Aberdeen as part of another wide-ranging deal between the two financial giants.

After speculation gained traction over the weekend, LV= has revealed it is in exclusive talks with Bain Capital over the sale of its remaining pensions and insurance business.

Seven tranches