Aviva boss quits amid pay criticism

The boss of Aviva, the UK's largest insurer, is to step down with immediate effect, the company has said, as shareholder anger claimed the scalp of another City executive.

Andrew Moss, who has been chief executive since 2007, will leave after more than half of shareholder votes failed to back the firm's remuneration report at its annual meeting last week, which was widely seen as a criticism of Mr Moss's performance.