Insurance

Aviva has appointed Mark Wilson as its next chief executive.

Aviva's programme of job cuts, which will see 800 staff made redundant, is on track to save the insurer £250m by the end of the year, according to latest results.

HSBC is to convert its whole-of-market advisory proposition into a restricted advice model next year, Investment Week understands.

Merchant House chief executive Christopher Day has stepped down with immediate effect.

The Association of Independent Financial Advisers (AIFA) recorded a deficit of almost £154,000 in 2011/12.

Resolution has confirmed its chairman Mike Biggs will leave the company after its governance overhaul.

RESTRICTED OR DIE?

Independent financial adviser Paradigm Group is to launch an asset management business offering discretionary fund management services.

Lloyds Banking Group (LBG) will no longer offer a mass market investment advice service for clients with less than £100,000 to invest.

Zurich is to cut 200 jobs from across its UK Life business.