Persimmon and Aviva agree to make leasehold payments fairer for homeowners after CMA probe June 23, 2021 Following an investigation by the UK’s markets watchdog, housebuilder Persimmon and financial services group Aviva have agreed to overhaul their leasehold contracts to make payments fairer for homeowners. The Competition and Markets Authority (CMA) investigation into Persimonn’s leaseholds pushed the housebuilder to cap the price of freehold at £2,000 in its Right to Buy scheme [...]
Shakeup at Aviva days after activist investor sticks head above parapet June 13, 2021 Aviva is set to sack its top fund managers in a radical cost-cutting plan, according to reports. The insurance giant is planning to fire 10 equity managers from its asset management arm Aviva Investors, the Mail on Sunday reported. David Cumming, chief investment officer for equities, has left the FTSE 100 firm, while head of [...]
Aviva Investors to shutter property fund over liquidity concerns May 19, 2021 Aviva Investors will shutter its suspended UK property fund this summer over concerns about liquidity and the value of the portfolio. The asset manager suspended the fund in March last year after the outbreak of Covid-19 sparked uncertainty over its valuation. In a statement today Aviva said it had become “increasingly challenging to generate positive [...]
Coming or going? Aviva the latest to cut office space as rival bosses say ‘remote working can’t last’ March 4, 2021 Aviva the latest to cut office space as rival bosses say 'remote working can't last'
The Week Ahead: March kicks off with the Budget, Aviva, Zoom and Vroom March 1, 2021 March has arrived and City A.M. looks at what the first week of this month has in store. First of all, of course, there is the Budget this Wednesday. It’s the most important week of the year for Chancellor Rishi Sunak as he outlines the outlook for the UK economy over the next few months. He [...]
City Moves February 24th: Who is switching jobs in the Square Mile this week? February 24, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. This week we see appointments to the British Property Federation ahead of a pinnacle year for the high street. Deloitte has welcomed a fresh lead to the firm’s creative branch which launched in [...]
FTSE insurer Aviva confirms sale of French unit for €3.2bn to Aema Groupe February 23, 2021 Aviva confirms sale of French unit for €3.2bn to Aema Groupe
City Moves 17 February: Who is switching jobs in the Square Mile this week? February 17, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. This week we see movements across the financial sector, with the City of London Group, BNP Paribas and Gateley Capitus all welcoming fresh additions. BNP Paribas AM gets new deputy CEO BNP Paribas Asset Management appointed a [...]
Pension funds will reap rewards from playing a part in the UK’s green drive January 28, 2021 In November, heads of state, climate experts and campaigners will come together in Glasgow for the United Nations Climate Change Conference, the biggest summit ever hosted by the UK, to discuss, and commit to, ambitious climate targets and concrete steps to protect our planet. International collaboration is essential, but the success of global action will comprise the [...]
Lloyd’s lures Aviva’s MD for new chief of markets role January 22, 2021 Lloyd’s said this morning it has created a new chief of markets role which will oversee performance and distribution at the insurance giant. Patrick Tiernan has been hired for the position once he has seen out his current stint as managing director at Aviva, where he was previously chief financial officer. Tiernan has 24 years [...]