UK EuroMillions Winner Scoops £181 Million Jackpot
A lucky UK ticket-holder has won £181 million in the EuroMillions draw, marking the third-largest National Lottery win ever and a life-changing fortune.
Category : Insurance
Aviva Unit Fined £10m by BoE for Capital Errors
The Prudential Regulation Authority has imposed a £10 million penalty on UK Insurance Limited, an Aviva subsidiary, for overstating its capital position due to ineffective controls.
Legal & General Shares Slide on Profit Disappointment
Legal & General's share price fell sharply as core operating profit of £1.62bn fell short of expectations, despite growth in key business areas and a major shareholder return program.
EuroMillions Jackpot Hits £181 Million, UK Searches Surge
The EuroMillions jackpot has rolled over to a massive £181 million, triggering a spike in searches for results and draw details across the UK ahead of tonight's draw.
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Guardian Weekly Subscription Terms and Policies
A comprehensive guide to Guardian Weekly subscription terms, covering delivery, digital benefits, cancellations, refunds, and legal obligations for subscribers globally.
FCA Spends £1.4M Investigating Crispin Odey
The Financial Conduct Authority has incurred costs of £1.4 million while investigating hedge fund manager Crispin Odey, according to recent disclosures.
Standard Life Appoints Interim Head of Asset Management
Standard Life has appointed an interim head of asset management to replace Mike Eakins, marking a key leadership change in the firm's investment division.
US Banks Weigh Suing Regulator Over Crypto Rules
The Bank Policy Institute, representing major lenders like JP Morgan and Goldman Sachs, is exploring a lawsuit against the OCC, arguing new crypto licenses risk consumer safety and financial stability.
Brooks Macdonald CTO Moves to Bain-Backed Wealth Firm
The Chief Technology Officer of Brooks Macdonald has departed to join a wealth management firm backed by Bain Capital, marking a significant executive shift in the financial sector.
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Monzo Criticized for 'Humiliating' Year-End Spending Reviews
Monzo faces backlash as customers accuse the digital bank of using data to deliver 'shaming' and 'judgmental' year-end spending summaries, with one user escalating a complaint to the financial ombudsman.
UK Drivers to Get £700 Compensation for Car Finance Overcharges
Millions of UK drivers overcharged on car finance deals before 2021 will receive compensation averaging £700 each, with payouts expected to begin in 2026 following FCA rules.
Royal Mail Stamp Prices Rise in April Amid Delivery Issues
Royal Mail is increasing stamp prices from April 7, with first-class stamps rising to £1.80 and second-class to 91p, despite ongoing criticism over missed delivery targets and service performance.
Banks Push Tech Giants to Share Scam Ad Costs
The Payments Association urges social media platforms like Meta and X to contribute financially to combating online fraud, as scam ads generate billions in revenue while banks shoulder reimbursement costs.
UK Banks Hire Consultants for Middle East Backup Plans
Major UK banks are engaging risk consultants to develop contingency strategies for Middle East operations amid regional instability, focusing on geopolitical risks and operational resilience.
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Savings Laddering: High Rates with Annual Cash Access
Savings expert Anna Bowes explains the laddering strategy to earn five-year fixed interest rates while having a portion of cash become available penalty-free each year.
Amundi: Don't Get Distracted by Contained Middle East Conflict
Amundi, Europe's largest asset manager, warns investors against overreacting to the contained Middle East conflict, emphasizing long-term economic fundamentals and diversification strategies.
Aviva Profits Jump 25% Post Direct Line Deal
Insurance giant Aviva reports £2.2bn operating profit, achieving 2026 targets early. Direct Line acquisition contributed £174m, with £225m in expected synergies by 2028.
Admiral Insurance Reports Double-Digit Profit Growth
FTSE 100 insurer Admiral has announced a 16% rise in pre-tax profits to £958 million, driven by strong UK motor performance and strategic diversification into commercial insurance and technology.
Aviva Beats 2026 Targets with £10.9bn Wealth Inflows
Aviva has exceeded its 2026 wealth management targets ahead of schedule, driven by £10.9 billion in net inflows, signaling strong growth in its financial services.
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Australian Petrol Retailers Accused of Price Gouging in Iran War
Australian petrol retailers are under fire for alleged price gouging as fuel costs surge due to the Iran conflict, sparking consumer outrage and regulatory scrutiny.
Royal London Funds Boss Eyes Bolt-On Deals for Global Growth
The CEO of Royal London Asset Management outlines a strategic push for bolt-on acquisitions to fuel global expansion, focusing on enhancing investment capabilities and market reach.
Banks Run Fire Drills as WhatsApp Ban Vexes Compliance Teams
Financial institutions are intensifying emergency preparedness with fire drills as the persistent ban on WhatsApp continues to challenge compliance teams, highlighting operational strains in London's banking sector.
Trump's Naval Escort Plan Fails to Calm Insurance Market
President Trump's proposal for US-backed insurance and naval escorts in the Persian Gulf has not prevented soaring maritime premiums, with industry experts warning the plan could increase risks rather than reduce them.
FCA's £11bn Motor Finance Scheme May Pay £700 to Millions
Millions of UK drivers may receive £700 compensation in 2026 under new FCA rules for mis-sold car loans, with a final decision pending after industry feedback.
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Motor Finance Compensation for Millions of UK Drivers in 2026
The Financial Conduct Authority announces a redress scheme for drivers mis-sold motor finance, with payouts expected this year following a Supreme Court ruling on commission disclosure failures.
Quilter Sees Record Inflows Amid Rising Financial Advice Demand
Wealth management firm Quilter announced record net inflows of £8.7 billion and increased dividends as clients increasingly seek personalized financial advice amid tax changes.
Beazley Profits Slide as Zurich Takeover and Bermuda Shift Unfold
FTSE 100 insurer Beazley reports a 20% profit drop to $1.14bn while navigating Zurich's £8bn acquisition and a strategic pivot to Bermuda's insurance market.
Trump Demands US Insurance as Firms Halt Persian Gulf Coverage
Donald Trump orders federal insurance for maritime trade after major insurers withdraw war-risk coverage from the Persian Gulf, threatening global energy supplies.
FCA May Scrap Motor Finance Compensation Scheme
The Financial Conduct Authority is reconsidering its controversial motor finance compensation scheme following over 1,000 industry responses, potentially altering the £11bn payout structure affecting millions of consumers.
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Lloyds Leads Aegon UK Bidding War as Acquisition Race Heats Up
Lloyds Banking Group emerges as the frontrunner in the competitive bidding for Aegon UK, with multiple financial institutions vying for the acquisition. The move signals strategic expansion in the UK insurance and pensions sector amid market consolidation
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