Lockdown savings drained as Brits worry about price rises October 13, 2021 Three quarters of UK adults are worried about rising living costs with the sandwich generation of 45-64-year-olds the most anxious. Some 35 per cent feel more anxious about the future compared with before the pandemic, rising to 42 per cent among people aged 45-54. The data comes from Aviva, who said one in five people [...]
Aviva’s treasure trove: Insurance giant reveals quirkiest claims in its 325-year history October 11, 2021 A husband accidentally cooking his wife’s jewellery, a publican who hurt his leg while ejecting a drunken customer and an elephant squeezed into a van are among the most unusual claims that Aviva has ever dealt with. The insurance giant has trawled through its archives to unearth a “treasure trove” of claims dating back centuries, [...]
Crypto crime landscape shifts to bigger threats targeting smaller numbers October 5, 2021 The use of cryptocurrencies for illicit activities from ransom money, money laundering and funding for terrorist activities continues unabated.
PM aiming to schmooze globe’s top finance brass at green summit October 5, 2021 The chiefs of the globe’s top finance brass will attend a green summit hosted by Prime Minister Boris Johnson. The bosses of Wall Street behemoths JPMorgan and Goldman Sachs and asset manager big beasts BlackRock and Blackstone will be among those Johnson is hoping to schmooze to generate billions of pounds of investment for the [...]
Let’s talk Aviva: Smaller but richer insurance firm is looking to grow again September 29, 2021 It has been an interesting couple of months for insurance firm Aviva. The City giant sacked its fund manager and was dragged into a leasehold agreement affair it had hoped to avoid. Nevertheless, following a year of cutting costs and selling foreign assets, Aviva feels confident about the future. The company is firmly on investors’ [...]
City Moves: Who’s switching jobs in the Square Mile today? September 28, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Aviva Investors Asset management firm Aviva Investors has promoted its former head of liquidity and securities finance as its new head of credit. Based in the capital, Caroline Hedges will lead teams across investment grade and high yield [...]
Aviva Investors has big plans for its newly acquired Hoxton office September 28, 2021 Aviva Investors has snapped up a Grade II listed property in Hoxton as part of the first investment made by the company’s newly launched climate fund. The investment arm of Aviva has today announced its purchase of Curtain House, a five storey Victorian warehouse in the heart of Shoreditch, London’s hub for technology businesses and [...]
City Moves: Who’s switching jobs in the Square Mile today? September 22, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. LEXI Finance appoints former CBRE director Real estate capital advisory LEXI Finance has poached a debt advisory lead and former associate director from commercial real estate and investment firm CBRE. Joining LEXI’s Mayfair office as a [...]
Aviva makes £320m bulk annuity deal with pension fund September 16, 2021 Aviva has today announced the completion of a bulk purchase annuity deal, worth £320m, with the John Laing Pension Fund. John Laing, a manager of infrastructure projects, is an active investor in large transport, social and environmental infrastructure projects and renewable energy projects globally. The transaction marks the second buy-in between the two firms after the [...]
Wave of redundancies looms for older workers as furlough nears end September 14, 2021 Research suggested that 31,000 workers aged 50 or over were made redundant between May and July. Now fears are growing of a wave of redundancies among over 50-year-olds when the Government’s furlough scheme ends. The unemployment rate for 50 to 64-year-olds has increased from 2.8 per cent to 3.4 per cent since the start of [...]