Embattled insurance giant Aviva is this week expected to announce proposals to shut or sell a raft of divisions as part of a major turnaround plan.

Supermarket Tesco and insurer Aviva joined forces today in a move targeting the estimated three in five families in the UK who do not have life protection cover.

Senior union figures have said the announcement of 950 job cuts at Aviva is "worse than anybody anticipated".

Insurance giant Aviva is to halve its workforce in Ireland over the next two-and-a-half years, it has been confirmed.