News

Britain's ageing population and changes to workplace pensions proved lucrative for Resolution during the first half of the year.

Can Daniels steady Lloyds' ship?

CEO's optimistic view of its bad loans have left some analysts confused, writes James Moore

Investors told to take a share of responsibility

Fund managers accused of contributing to the financial crisis by acting like 'absentee landlords' are being encouraged to hold companies to account

Ethical funds are a good way to invest money – in principle

In these tough times, people are inclined to put themselves first – but you can still help the planet in doing so

Questions Of Cash: 'What has happened to my policy worth £50,000?'

Q. My wife had a policy with Friends Provident. But on maturity the proceeds were not paid to her, but seem to have been claimed by an employee of the First Trust Bank, with an employee forging my wife's signature. I have complained to the bank and the Financial Ombudsman Service. FOS ruled in the bank's favour, but only because my wife and I wrongly presented our case. Our only option now seems to be to take a legal action against the bank employee, which is prohibitively expensive. AN, Northern Ireland.

Smith gives Sharks added bite

Sussex post too high a total even for Somerset's power hitters to make up for Lord's defeat

Cowdery in talks with UKFI over Lloyds insurance assets

Clive Cowdery, the insurance entrepreneur who bought Friends Provident last week, has met with Treasury officials who assured him that the offshore structure of his company, the Guernsey-based Resolution, won't hamper his attempts to buy insurance assets up for sale by Lloyds Banking Group.

Market Report: Broker helps Cookson to engineer gains

Investors bought into Cookson yesterday and the engineering group rose by almost 4 per cent amid hopes of some short-term strength in its share price.

What the great fall will mean for life insurer's policyholders

As Friends Provident is sold to an offshore investment company, Kate Hughes examines the impact on the savings it manages

Market Report: Credit rating concerns weigh upon WPP

The world's second-largest communications services group, WPP, eased back by 3.1 per cent, or 14.5p, to 460.7p last night after UBS highlighted potential for near-term weakness in the company's stock, which has been performing strongly of late.

James Moore: Take a look at tax havens closer to home

Outlook: And so Liechtenstein has surrendered. Following on from the tax information exchange deal with the US comes a similar one with the UK. There will be an amnesty for around 5,000 account holders who could have stashed up to £3bn in the tiny principality, together with a tacit assurance that they won't be prosecuted if they agree to assume the position and pay up. They'd be well advised to do so because it is more than people in other tax havens may be offered.

Cable calls for institutional shareholders to face enquiry

The Liberal Democrat Treasury spokesman, Vince Cable, called yesterday for Sir David Walker's inquiry into banking governance to be extended in the wake of Friends Provident's capitulation to Clive Cowdery's Guernsey-based investment company Resolution under pressure from its institutional shareholders.

Profile: Clive Cowdery

Having pocketed a fortune of close to £150m after the sale of the first incarnation of Resolution to Pearl for £5bn, Clive Cowdery is back in the hunt for a second.

Friends Provident agrees £1.86bn takeover

Life insurer Friends Provident today recommended a £1.86 billion takeover offer by investment firm Resolution.

Resolution close to victory with new Friends offer

The tycoon Clive Cowdery was on the brink of winning control of Friends Provident last night as the 177-year-old life insurance companyre-opened talks over a renewed takeover proposal which valued the company at around £1.86bn.

James Moore: The day the cricket sponsors were bowled middle stump

Outlook: Sir David Walker wants institutional shareholders to act like responsible owners of the assets in which they invest on behalf of their clients
Career Services

Day In a Page

Independent Travel
Pompeii, Capri & the Bay of Naples
Dubrovnik, the Dalmatian Coast & Montenegro
Burgundy, the River Rhone & Provence
Lisbon, Oporto and the Douro Valley
Lake Garda, Venice & Verona
Spain
Prices correct as of 23 January 2015
Syria crisis: Celebrities call on David Cameron to take more refugees as one young mother tells of torture by Assad regime

Celebrities call on David Cameron to take more Syrian refugees

One young mother tells of torture by Assad regime
The enemy within: People who hear voices in their heads are being encouraged to talk back – with promising results

The enemy within

People who hear voices in their heads are being encouraged to talk back
'In Auschwitz you got used to anything'

'In Auschwitz you got used to anything'

Survivors of the Nazi concentration camp remember its horror, 70 years on
Autumn/winter menswear 2015: The uniforms that make up modern life come to the fore

Autumn/winter menswear 2015

The uniforms that make up modern life come to the fore
'I'm gay, and plan to fight military homophobia'

'I'm gay, and plan to fight military homophobia'

Army general planning to come out
Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign

What the six wise men told Tony Blair

Months before the invasion of Iraq in 2003, experts sought to warn the PM about his plans. Here, four of them recall that day
25 years of The Independent on Sunday: The stories, the writers and the changes over the last quarter of a century

25 years of The Independent on Sunday

The stories, the writers and the changes over the last quarter of a century
Homeless Veterans appeal: 'Really caring is a dangerous emotion in this kind of work'

Homeless Veterans appeal

As head of The Soldiers' Charity, Martin Rutledge has to temper compassion with realism. He tells Chris Green how his Army career prepared him
Wu-Tang Clan and The Sexual Objects offer fans a chance to own the only copies of their latest albums

Smash hit go under the hammer

It's nice to pick up a new record once in a while, but the purchasers of two latest releases can go a step further - by buying the only copy
Geeks who rocked the world: Documentary looks back at origins of the computer-games industry

The geeks who rocked the world

A new documentary looks back at origins of the computer-games industry
Belle & Sebastian interview: Stuart Murdoch reveals how the band is taking a new direction

Belle & Sebastian is taking a new direction

Twenty years ago, Belle & Sebastian was a fey indie band from Glasgow. It still is – except today, as prime mover Stuart Murdoch admits, it has a global cult following, from Hollywood to South Korea
America: Land of the free, home of the political dynasty

America: Land of the free, home of the political dynasty

These days in the US things are pretty much stuck where they are, both in politics and society at large, says Rupert Cornwell
A graphic history of US civil rights – in comic book form

A graphic history of US civil rights – in comic book form

A veteran of the Fifties campaigns is inspiring a new generation of activists
Winston Churchill: the enigma of a British hero

Winston Churchill: the enigma of a British hero

A C Benson called him 'a horrid little fellow', George Orwell would have shot him, but what a giant he seems now, says DJ Taylor
Growing mussels: Precious freshwater shellfish are thriving in a unique green project

Growing mussels

Precious freshwater shellfish are thriving in a unique green project