Aviva

An increasing number of older people are starting to down-size their homes.

Ashcourt Rowan's new head of funds research has moved to counter dwindling bond market liquidity by adding funds with "more stable" asset bases to the group's buy list.

ACTIVE OWNERSHIP

Aviva has scrapped plans to add a group ISA and group SIPP to its employee benefits platform, Work:Life.

Blue chip insurer Aviva's shares have fallen 14% after the group revealed a £3bn loss in 2012 caused by a huge writedown in its US business.

Insurance firm Aviva suffered a loss of £3bn in 2012 due to a £3.3bn writedown from the sale of its US business last year.

Trevor Matthews, chief executive of Aviva UK, is to step down from the role.

ON UK GROWTH

Insurer Aviva has strengthened its balance sheet by selling its 34 million share stake in Dutch insurer Delta Lloyd via a private placing.

A Ratner moment, Skandia cost cuts and more taxes on the rich all made our top ten list of best read stories on the Investment Week website this week.