Toby Strauss, the chief executive of Scottish Widows, is to exit the group after four years.

Positive Solutions has reappeared in the Financial Ombudsman Service's (FOS) list of the top five most complained about advice firms.

A major review into consumer access to the financial advice market has been launched by HM Treasury and the Financial Conduct Authority (FCA).

Liberal Democrat MP Steve Webb, who has served as pensions minister for the last five years, has lost his parliamentary seat.

Steve Webb remains "open minded but sceptical" about private income protection insurers becoming involved in the state welfare system.

Insurer Zurich paid out on 94% of its critical illness policy claims last year, up from 90% in 2012, latest statistics show.