The FCA has closed its investigation into Police Mutual’s fair treatment of long term customers and said no further action will be taken but probes into five other insurers will continue.

Prudential plans to combine its fund manager M&G and Prudential UK & Europe to form M&G Prudential, a combined business managing £332bn of assets for 6m customers.

St. James’s Place has hired a former Towry and Prudential Chartered Financial Planner as head of business for its academy in Manchester.

Prudential has today followed Standard Life in launching a review of non-advised annuity sales in the wake of an FCA inquiry.