An MSCI report has examined the investment implications of the rise of populism around the world, and found that multi-asset portfolios could lose as much as 11% of their value as a result.

UK insurer Aviva has strengthened its market position in the Canadian market with the acquisition of the Royal Bank of Canada (RBC) General Insurance Company.

A week on and fears over volatility have given way to relief all round.

This week, there was unprecedented political turmoil across both UK main parties following the Brexit vote and the Prime Minister David Cameron's intention to step down.

The drop in UK real estate value triggered by Brexit could be mitigated by easier monetary policy, said Chris Urwin of Aviva Investors.

Shares in the world’s largest life and pensions companies have been hit for a second day following the announcement on Friday that Britain has decided to leave the European Union.