Futures markets had predicted 3% opening fall
The Financial Conduct Authority has issued a statement saying that the UK regulatory framework, which mostly derives from EU legislation will remain until future negotiations between the EU and UK.
Insurers are providing initial reactions to the news that the UK has voted to leave the EU.
A Public Accounts Committee report released today has revealed that claims management companies charged victims of the PPI scandal £5bn out of compensation they ought to have received in total.
Consumer education also targeted as an area for improvement
Latest Treasury figures
Life and pension advisers face £90m levy demand
Regulator believes its recommendations may hamper the suitability of advice
Regulator clarifies expectations in thematic review update