Aviva courts shareholders with a buyback boost to £1bn Share buybacks Aviva this morning said it will increase and extend the ordinary share buyback programme it announced in August from £750m to £1bn, expected to complete by the end of March next year. It comes after the British insurance giant pledged “at least” £4bn to shareholders by next June after it came under pressure from activist [...]
Pandemic affects retirement plans for over half the nation, says Aviva Retirement post-covid Covid-19 has affected the retirement plans of 54 per cent of UK adults, with people nearing mid-life bearing the brunt of anxiety, according to new research.
After 12 years: PwC likely to be replaced by EY as Aviva auditor Audit Aviva has proposed EY as its new auditor from 2024, replacing PwC after 12 years.
Aviva life sales jump to £25bn, boosted by record savings and retirement inflows November 11, 2021 Aviva’s life sales have jumped to £25.3bn in its latest quarter, which has been boosted by “record” inflows in its savings and retirement division, the firm’s boss confirmed today. The insurer secured £7.3bn worth of savings and retirement funds in its third quarter, which CEO Amanda Blanc said signals “excellent” progress in its post-shakeup growth. [...]
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, [...]
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’ [...]
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 [...]
City Moves: Who’s switching jobs in the Square Mile this week? July 21, 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. Ex-UBS and Canary Wharf Group chiefs join construction-tech firm British construction technology company Modulous has bolstered its London workforce with former Canary Wharf and UBS leads this week. Former director of the Canary Wharf Group Chris [...]
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 [...]