Lloyds Bank is to create a new AI-enabled simplified advice service under its Lloyds Wealth brand.

Life and pensions business Chesnara has agreed to acquire Luxembourg-based closed life insurance business Scottish Widows Europe from Lloyds Bank subsidiary Scottish Widows for €110m (£95.98m).

Seven in 10 businesses (70%) surveyed this month (Dec 2024) expect their turnover to rise in 2025 - up from 62% in December 2023.