Pensions providers and insurers have taken a hammering on the stock market as investors counted the cost of George Osborne's "Budget for savers".
In a session when the FTSE 100 Index ended 32.2 points lower at 6,573.1:
- Legal & General dropped 19.3p, or 8%, to 211.2p
- Aviva fell 26.6p, or 5%, to 490.4p
- Standard Life declined 11.4p, or 3%, to 354p.
- Prudential slid 29p, or 2%, to 1,339.5p
Meanwhile on the FTSE 250, Partnership Assurance, which provides enhanced annuities for people with lower life expectancies, lost more than half its value, plummeting 176.2p, or 55%, to 143p.