Zurich plans to make 90 redundancies from its UK life business as part of cost cutting measures in light of the challenging economic environment.

An alliance of long-term care groups and campaigners has created a six-point plan calling for urgent and significant reform of the country's "unfair system".

Governor of the Bank of England, Sir Mervyn King, will signal on Wednesday that interest rates will remain around their record low until the end of next year at the earliest, the Daily Telegraph reports.

Confidence in the financial services industry has dramatically improved in the last quarter, with life insurers and investment managers "particularly bullish", a poll shows.

Life insurance policies and annuity contracts will come under increased scrutiny from HM Revenue & Customs (HMRC) as it cracks down on income tax avoidance.