The UK market will continue to shift towards protection says Aviva's Toby Strauss, after the insurer reported its third consecutive quarter of life sales growth.

Aviva recorded a 21% jump in operating profit in the first half of the year, with the insurer declaring 6% dividend increase.

The RDR could lead to the term ‘adviser' being used exclusively for firms rather than individuals as well as the launch of new 'advisory chambers', according to AIFA.

Taxpayers could make billions from the banks they rescued during the financial crisis.

Citigroup is poised to sell Egg, its UK online bank, as part of plans to shed billions of dollars in unwanted assets.

The FTSE fell in early trading in reaction to losses on Wall Street overnight and a weak opening in European markets.

Interest rates will have to rise earlier and more sharply than expected to keep inflation under control, warn two former Bank of England policymakers.

The FSA has fined members of the Royal Bank of Scotland Group (RBSG) £5.6m for failing to have adequate systems and controls in place to prevent breaches of UK financial sanctions.

London's top stocks have given up some of yesterday's triple-digit gains in early trading, with the FTSE 100 down 0.72%.

Barclays Bank is sending female staff members into prisons across the country to recruit inmates as new customers.