Life insurers buoyant but financial services growth lags

The CBI/PricewaterhouseCoopers financial services survey shows a balance of +28% of firms within financial services saw their business volumes rise in the three months up to June. While this is the most positive figure since June 2007, it is well short of the +63% predicted by businesses in the previous quarter. The survey also shows employment increases did meet expectations, with +14% boosting their workforces, although it is predicted this will swing to -20% in the next quarter. However, there has been a significant increase in optimism within the life insurance sector, with the...