THE pace of growth in the UK financial services sector continued to slow in the three months to September, said a survey today.

And firms in the sector expect growth to stagnate further still in the final quarter of 2011, according to the latest Financial Services Survey from employers’ body the CBI and accountancy firm Pricewaterhouse-Coopers.

The poll of companies in areas such as banking, insurance and investment management also showed – for the first time in two years – no prospect of improved profitability.