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Banks should allow consumers to select the benefits they want with their packaged accounts to help combat mis-selling of the products, Defaqto has said.

The government will not ensure the new Financial Policy Committee (FPC) includes an expert on insurance, the Chancellor has said.

Insurers have warned of a fresh hike in premiums for millions of customers after the regulator hit the financial services industry with an inflation-busting 15.6% rise in annual fees.

F&C Asset Management has told investors it expects to take a £2.3bn hit to its assets under management this year when Friends Life withdraws money from its annuities business.

Aviva's share price fell 3.12% today after it announced it will sell three of its overseas arms to MetLife.

The Financial Services Compensation Scheme (FSCS) is warning consumers against using claims management companies to retrieve money from mis-sold payment protection insurance (PPI).

UK Insurance Ltd, the parent company of Churchill and Direct Line, has been fined £2.17m by the FSA for doctoring its customer complaint files.

Insurance brokers and life companies will attempt to cross-sell to existing customers in order to compensate for "downbeat" market conditions in 2012, research suggests.

Axa will quit the Irish Insurance Federation (IIF) after claiming it can no longer afford the membership cost due to the economic climate.

The Advertising Standards Authority (ASA) has barred Direct Line from showing a TV advert again after it was found to have misled consumers.