Gary Shaughnessy, head of Fidelity's retail business, is leaving the firm to become chief executive of Zurich's UK life business.

Former directors of failed banks could be banned from taking lucrative jobs in the City under plans being drawn up by the regulator.

George Osborne today delivered what he called "a Budget for working people". Here we pick the best quotations.....from the horse's mouth.

The Chancellor's full Budget statement said the UK recovery will be "particularly uneven" this year as the economy still faces three major threats.

Chancellor George Osborne said UK inflation will come down signficantly by the end of the year.

The UK will lose its AAA credit rating by December, MAM Funds' Simon Callow has said, after Fitch became the second ratings agency to place the economy on negative watch.

MAM Funds is introducing a non-trail commission share class across its fund range ahead of the Retail Distribution Review.

Liontrust Asset Management is to acquire Walker Crips Asset Managers (WCAM) in a £12m deal.

Schroders has cut the initial charge on a range of unit trusts from 5.25% to 3.25% ahead of the Retail Distribution Review.

Barclays made a pre-tax profit of £5.879bn in the year to 31 December 2011, 3% down from the previous year and a slightly larger fall than analysts had forecast.