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  • Aviva insures £300m of liabilities for the Interserve Pension Scheme

    Aviva has secured a buy-in arrangement with the Interserve Pension Scheme covering £300 million of pensioner liabilities, following a competitive tender process.
  • Aviva appoints Andrew Brem as Chief Digital Officer

    Aviva today announces the appointment of Andrew Brem as Chief Digital Officer (“CDO”), reporting to Mark Wilson, Aviva’s Chief Executive Officer.
  • Cost of divorce reaches £44,000 for UK couples

    UK couples are spending more than £44,000 on average when they divorce or separate, totalling £5.7 billion per year across the nation. A new study from life insurer Aviva reveals the hidden cost of divorce as £21,979 per person or £43,958 per couple.
  • Misplaced fears about equity release could mean pensioners miss out on extra income in later life

    Britain’s pensioners could be missing out on much-needed cash in retirement because of mistaken beliefs about equity release, research from Aviva shows.
  • Aviva appoints Adam Kornick as Global Analytics Director

    Aviva today announces the appointment of Adam Kornick as Global Analytics Director. He will report to Maurice Tulloch, Chairman, Global General Insurance and Chief Executive Officer, UK & Ireland General Insurance.
  • House buyers count the cost of quick viewings

    People looking to buy a house in a highly competitive market are spending less time on property viewings and potentially missing out on signs of maintenance issues that could cause them financial pain down the line, according to new research from Aviva.
  • 2014 Interim Results Announcement

    Mark Wilson, Group Chief Executive Officer, said: “The half year results show that momentum in Aviva’s turnaround continues. All of our key metrics have improved, operating earnings per share are up 16%, and book value has increased 7%. “We have reduced our debt, decreased expenses and increased profit – this is just good business. Aviva remains a work in progress, and these results are a step in the right direction.” Cash flow Cash remittances up 7% at £612 million (HY13: £573 million) Operating capital generation1 stable at £910 million (HY13: £933 million2) Interim dividend per share up 4.5% at 5.85p (HY13: 5.60p). Profit Operating profit1 4% higher at £1,052 million (HY13: £1,008 million) Operating EPS1 16% higher at 23.6p (HY13: 20.3p) IFRS profit after tax1 up 113% at £863 million (HY13: £406 million) due to lower restructuring costs and positive investment variances Expenses Operating expenses1,3 £1,399 million, down £129 million (HY13: £1,528 million) Expense reduction equivalent to £568 million annualised savings vs. £400 million target Operating expense ratio1 of 52.1% (HY13: 54.8%) Value of new business Value of new business4 up 9%5 at £453 million (HY13: £428 million2) Poland, Turkey and Asia4 grew 54%5 and contributed 25% of Group VNB (HY13: 19%) Combined operating ratio Combined operating ratio (COR) improved to 95.5% (HY13: 96.2%) UK COR of 94.3%, best in 7 years Balance sheet IFRS net asset value per share up 7% at 290p (FY13: 270p) MCEV net asset value per share up 3% at 478p (FY13: 463p2) External leverage ratio 46%6 of tangible capital (FY13: 50%), 30% on S&P basis Intercompany loan reduced to £3.6 billion at end of July 2014 (Feb14: £4.1 billion) Economic capital surplus7 £8.0 billion (FY13: £8.3 billion), coverage ratio 180%
  • Aviva drive app drives down the cost of car insurance by £101 for safer drivers

    The Aviva Drive app, which assesses driving over 200 miles and gives a discount of up to 20%, has seen safer drivers save an average of £101 on their comprehensive car insurance policies bought direct from Aviva.
  • Tackle UK's compensation culture to cut £50 off motor premiums, says Aviva

    UK motorists could benefit from a £1.4 billion cut in motor insurance costs, or £50 on the average annual premium, if poor motor claims practices were tackled, according to Aviva. Aviva’s report, ‘Road to Reform: Tackling the UK’s Compensation Culture’ calls for three key reforms which will reduce cost and improve service for Britain’s insured drivers.
  • Babies and breadwinners: How parents of 'Generation Z' are changing the shape of work

    The last fifty years have seen a seismic shift in the way that UK families are raising children, Aviva’s latest Family Finance Report reveals today.
  • Families enjoy rising incomes and a respite from inflation hikes

    British families are enjoying record incomes and falling expenditure, putting them on a firmer financial footing than at any time during the last three and a half years, Aviva’s latest Family Finances Report reveals today.
  • A momentous step forward for street children

    In June we saw a monumental achievement for street children and those working on their behalf. Shining a big spotlight on the issue and some great teamwork from all sectors has resulted in the United Nations Committee on the Rights of the Child deciding to develop a General Comment on Children in street situations.
  • “Too scared to talk”: One in four children feel unable to share worries with parents

    Leading charity Railway Children is calling on parents to tackle tough conversations with their children to help prevent a child running away from home.
  • One in five Brits admit they will 'work until they drop'

    One in five Brits admit they are planning to ‘work until they drop’ in order to have a comfortable retirement, a study revealed yesterday.
  • Aviva plc capital markets day

    Aviva plc (“Aviva”) today is hosting a capital markets day for analysts and investors.
  • Aviva paid out £12.9 million to income protection customers in 2013

    Aviva customers benefitted from individual income protection payments totalling £12.9 million in 2013, according to figures released by the insurer today.
  • Aviva hosts United Nations Principles of Sustainable Insurance

    On Friday 27 June Mark Wilson, Group Chief Executive Officer, hosted the United Nations Principles of Sustainable Insurance (UNPSI) in London.
  • Aviva Investors: Aviva Investors focuses on outcome-oriented investing with new Multi-Strategy capability range

    (London): Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces the launch of its Multi-Strategy capability range. This is part of a renewed focus under Chief Executive Euan Munro to deliver solutions shaped to meet the financial goals of customers.
  • Many misjudge how much money they need for retirement

    A study of the over 40s found that two thirds already have some idea of how they would like to spend their retirement years and an income of around £15,000 a year is needed to sustain their planned lifestyle. For a couple, this means nearer £30,000 a year is needed for the ideal retirement.
  • Aviva says deliberate 'crash for cash' road traffic accidents up 51%, now at record levels

    Fraudulent ‘slam-ons’ – road traffic accidents deliberately caused in order to claim for whiplash compensation – increased  by 51% in 2013, according to claims fraud data from Aviva.
  • Aviva responds to Competition and Markets Authority proposals on the UK Motor Insurance Market

  • Friday the 13th - unluckier for some

    The age old superstition about falling prey to bad luck on Friday the 13th does in fact ring true for some motorists according to new data from Aviva, the UK’s largest insurer. Analysis of 10 years of claims data reveals that motor collision claims increase by an average of 13% on Friday 13th, compared to other days in the same month*.
  • Aviva launches MyAviva app for customers

    Aviva is launching a new app for its customers, allowing them to view all their policies across life, general and private medical insurance all in one place.
  • Aviva calls for government and industry to work together for a better-protected Britain

    The protection industry is in need of reform to help consumers understand the crucial benefits offered by family protection, Aviva has said. The insurer has today published Rethinking Protection, a report which outlines a series of proposals to help raise awareness of protection needs and encourage UK families to plan for the unexpected.
  • Aviva increases the flexibility of its equity release products

    Aviva has gone live with enhancements to its equity release lifetime mortgages to provide customers with flexible features that allow them to repay or reduce their loans, free of early repayment charges.
  • Aviva confirms auto-enrolment support for SME market by implementing DWP changes early

    Aviva has demonstrated its commitment to SMEs with measures to ensure corporate customers and advisers can effectively manage their automatic enrolment obligations alongside the DWP’s charge cap changes.
  • Aviva plc First Quarter 2014

    Mark Wilson, Group Chief Executive Officer, said: “Aviva’s overall performance in the first quarter was reassuringly calm and stable, in marked contrast to the weather and regulatory developments. The value of new business increased by 13% — the sixth consecutive quarter of year–on–year growth — and our book value grew by 6%. “We have made further progress simplifying our portfolio of businesses. Since our full year results in March, we have announced disposals of our Turkish general insurance business, US asset management boutique River Road, South Korean joint venture as well as a significant restructure of our Italian business. “Aviva still faces challenges both in the external environment and in the business as we progress our turnaround. The regulatory environment is constantly changing and soft conditions persist in certain general insurance lines. As a business we remain focused on cash flow, expense efficiency and the clinical allocation of capital to areas where we can maximise returns. There is still much to do.”
  • Younger generation burdened with anxiety and loneliness

    In contrast to popular belief that older people are more likely to feel isolated and lonely, research from Aviva’s new Health Check UK Report reveals that 18-24 year olds in the UK are suffering significantly more from feelings of loneliness than any other generation.
  • Over-55s benefit from boosted income and savings as the economic recovery continues

    Britain’s over-55s are cashing in on the improving economy with rising incomes leading to more than £150 extra in their pockets a month compared to the same time last year, Aviva’s latest Real Retirement Report shows.
  • Over-55s shortcomings in retirement planning leaves loved ones at risk

  • Majority of advisers optimistic about proposed pension reforms, but regulatory costs still a worry

    Advisers are largely optimistic about the proposed savings and pension reforms and the advisory market in general, according to the latest Adviser Barometer from Aviva. A growth in the number of customers receiving advice, together with an increase in adviser firms looking to hire new staff provides clear signs of positivity in the market.
  • Voting results of 2014 Annual General Meeting

    Aviva plc announces the results of its Annual General Meeting held today. All resolutions were voted on by way of a poll and were passed.
  • Unhappiness, stress and poor health hit sandwich generation hardest

    Over two fifths (45%) of 45-54 year olds are unhappy with their lives, according to a new health and wellbeing report from the insurer Aviva. Based on a survey of 2,000 UK adults, The Aviva Health Check UK Report also shows that the pressures on the generation who are increasingly caring for elderly parents as well as their children, are causing the highest rates of stress and lowest rates of good health across all ages.
  • A nation in denial: 25 million overweight adults risk health and happiness

    Aviva’s first Health Check UK Report reveals that although half of UK adults are classified as either overweight (31%) or obese (19%) according to their BMI, a significant proportion believe they are in very good or excellent health, unaware of the potential health risks their lifestyle brings.
  • Aviva appoints David Lovely as General Insurance Claims Director

    Aviva today announces the appointment of David Lovely as Claims Director, reporting to Maurice Tulloch, Chief Executive Officer, UK&I GI.
  • Aviva detects £110 million of insurance fraud, up 19% over 2012

    Aviva, the UK’s largest insurer, detected over £110 million worth of insurance fraud in 2013 – a 19% increase compared with 2012. Aviva detects over 45 fraudulent claims per day worth more than a total of £300,000.
  • First-time parents spend £492 million preparing for baby

    First-time UK parents spend more than £492 million each year, preparing for the arrival of their first baby, according to research from life insurance provider Aviva. This equates to £1,619 per family and shows a 17% increase to the £1,389 total in March 2012.
  • Consumers feel positive about the Budget's retirement income changes but support is essential

    Nearly two-thirds of yet-to-retire Brits (62%) say they think giving people more choice and flexibility in how they take their retirement income is a good idea, research from Aviva shows. Awareness about the retirement income changes announced in this year’s Budget is high, with 80% of people saying they have some level of knowledge of them. In the 2014 Budget, the government announced it planned to give people more freedom in how they take their retirement savings, and from April 2015 people aged over 55 will be able to take their defined contribution pension savings as they want, subject to their marginal rate of income tax.
  • Aviva sells its stake in South Korean joint venture Woori Aviva Life

    Aviva plc (“Aviva”) today announces that it has reached agreement to sell its entire 47% stake in its South Korean business Woori Aviva Life Insurance (“WALI”) to NongHyup Financial Group (“NHFG”).
  • Aviva enhances critical illness cover to pay out on all heart attacks

    Aviva has enhanced its heart attack definition on new critical illness policies, meaning it will now pay out on the diagnosis of a heart attack, regardless of how severe it is.
  • Aviva response to the Competition and Market Authority (CMA) investigation into the private healthcare market

    The final report of the Competition Commission’s investigation into the private healthcare market puts in place several positive and welcomed changes that will help ensure better value for money for all private healthcare customers and self-pay patients across the UK.
  • Consumers back government crackdown on nuisance calls but think it should go further

    Following the Government announcement of a crackdown on nuisance calls, brand new research from Aviva* finds consumers support these measures, but think more still needs to be done. Sixty three per cent support tighter government regulation, but 55% think all unsolicited marketing calls should be banned.
  • Aviva plc response to fca supervisory work into long-standing life insurance customers

    Aviva plc (“Aviva”) notes the statement made today by the FCA concerning supervisory work into long-standing customers in life insurance. Aviva supports any FCA work which further raises standards across the life and pensions industry.
  • Aviva to sell US equity manager River Road

    Aviva Investors, the asset management business of Aviva plc (“Aviva”), today announces a definitive agreement to sell US equity manager River Road Asset Management, LLC (“River Road”) to Affiliated Managers Group, Inc. (“AMG”).
  • Mother's day motors make summertime treat for thieves

    With the start of British Summertime and Mother’s Day falling on the same day this year (30th March), home and car owners are being warned about a potential double crime whammy as thieves go on the prowl for cars and garden equipment.
  • Aviva sells its Turkish General Insurance business

    Aviva plc (“Aviva”) today announces the sale of its Turkish general insurance business Aviva Sigorta A.Ş, to a private equity consortium led by EMF Capital Partners (“EMF”).
  • Aviva pays over half a billion pounds in protection claims in 2013

    Aviva protection customers and their families received more than £505 million through claims on life insurance and critical illness cover in 2013. This equates to around £1.4 million pounds a day, or £961 per minute. The data has been compiled using ABI industry guidelines, which have been introduced for the first time this year and provide customers with certainty that industry statistics have been calculated in a consistent way.
  • Aviva becomes first UK insurer to publish customer claim reviews

    Aviva has become the first insurer to publish car and home claims service reviews from customers on its website, allowing people to see exactly how others rate the insurer on their claims handling before making the decision to insure with them. The new claims reviews service has been introduced as part of Aviva’s ongoing commitment to improve customer experience.
  • Aviva's comment in response to the ABI's announcement today on retirement income reforms

  • Aviva launches improved income drawdown solutions

    Aviva has remodelled its drawdown proposition to offer customers a range of cost-effective options on a flexible as well as a capped basis, and available on the Aviva Platform.
  • Aviva plc 2013 Preliminary Results Announcement

    Cash flow Cash remittances1 to Group up 40% at £1,269 million2 (FY12: £904 million) Operating capital generation1 £1,772 million (FY12: £1,859 million) Remittance ratio 72%1,2 (FY12: 49%) Final dividend per share 9.4p (FY12: 9p). Full year dividend per share 15p. Profit Operating profit1 6% higher at £2,049 million (FY12: £1,926 million) IFRS profit after tax £2,151 million (FY12: loss after tax £2,934 million) Expenses Operating expenses £3,006 million1,3, down 7% £360 million cost savings already achieved 2013 cost savings ahead of plan Value of new business Value of new business5 up 13% at £835 million (FY12: £738 million) Poland, Turkey and Asia5 contributed 21% of Group VNB (FY12: 16%) and collectively grew 49% Combined operating ratio Combined operating ratio 97.3% (FY12: 97.0%) 2014 flood losses of £60 million in the UK in January and February, in line with long term average Balance sheet Intercompany loan reduced by £1.7 billion to £4.1 billion at end of February 2014 (FY12: £5.8 billion) Agreed plan to reduce inter-company loan to £2.2 billion by end of 2015, utilising £450 million of existing cash resources and £1.45 billion of other actions Liquidity of £1.6 billion at end of February 2014 Economic capital surplus4 £8.3 billion (FY12: £7.1 billion4), coverage ratio 182% IFRS net asset value per share 270p (FY12: 278p) MCEV net asset value per share 445p (FY12: 422p) Mark Wilson, Group Chief Executive Officer, said: “The turnaround at Aviva is intensifying. We have focused the business on ‘cash flow plus growth’ and the benefits are starting to be reflected in our performance. Cash flows to the Group are up 40%, operating expenses are down 7%, operating profit is up 6% and Value of New Business is up 13%. After a £2.9 billion loss after tax last year, Aviva has delivered a £2.2 billion profit.
  • Aviva plc to redeem £200m and €50m Fixed/Floating Rate Subordinated Notes due 2019

    Aviva plc (the “Issuer”) wishes to announce that notification has been given to the holders of £200m 10.6725% Fixed/Floating Rate Subordinated Notes due 2019 (ISIN: XS0421292755) (the “£200m Notes”) that it shall redeem the £200m Notes in full on 1 April 2014 (i.e. the First Call Date) at their principal amount together with accrued interest to (but excluding) 1 April 2014.
  • Pat Regan remuneration arrangements following resignation

    Further to the announcement made on 23 January 2014 that Pat Regan, Chief Financial Officer, will be leaving the Group in June to join QBE as its Chief Financial Officer based in Sydney Australia, we now confirm the details of his remuneration arrangements.
  • Aviva appoints Tom Stoddard as Chief Financial Officer

    Aviva plc (“Aviva” or the “Company”) today announces that Tom Stoddard will join the Board of Aviva and become Chief Financial Officer (“CFO”) with effect from 5 May 2014.  He will replace Pat Regan who, as announced on 23 January 2014, is leaving Aviva.
  • Aviva appoints Monique Shivanandan as Chief Information Officer

    Aviva plc (“Aviva”) announces today that it has appointed Monique Shivanandan as Chief Information Officer. Monique will take up her new role in April 2014 and will join Aviva’s Group Executive Committee, reporting to Mark Wilson, Aviva’s Group Chief Executive Officer.
  • Adviser numbers double as Aviva platform hits £3bn funds under management

    Aviva’s platform has exceeded £3 billion FUM and doubled adviser numbers as it continues to build momentum with its mid-market offering.
  • Consumer confidence improving but over half of UK people worry they will not have enough money to retire comfortably

    Data released by Aviva today shows that over half (55%) of UK consumers worry that they will not have enough money to provide an adequate standard of living when they retire, with 18% of consumers saying they do not hold any form of savings or long term investment products. Almost the same proportion of consumers (49%), think they will have to work beyond the normal retirement age.
  • Aviva launches specialist high value protection team

    Aviva has launched a new specialist protection team to offer a tailored service for protection cases with high levels of cover and large premiums.
  • With-profits continues to deliver long term growth significantly above inflation

    A £10,000 with-profits bond purchased 10 years ago is now worth £17,248, giving customers an impressive annual return of 5.6%. This has significantly outperformed a bank or building society average savings account return of 1.9% a year over the same period (all figures after tax and charges).
  • Aviva kicks off a weekend of sport for charity partner

    This weekend, Aviva is using its shirt sponsorship of Norwich City FC (NCFC) plus branding at all 12 Aviva Premiership Rugby clubs to allow its charity partner Railway Children to take centre stage for Aviva’s community weekend.
  • Group income protection clients to get improved employee counselling services

    Aviva has broadened its free Employee Assistance Programme (EAP) for Group Income Protection clients, so that all employees within an organisation can now access invaluable counselling and information services. In addition, any employees with personal or professional concerns are now able to access more face-to-face counselling sessions as standard on their employer’s cover.
  • Statement from David Barral, CEO Aviva UK and Ireland life, on the FCA's thematic review findings

    Aviva has been campaigning to put an end to the practice, by some providers and brokers, of giving consumers a poor deal when it comes to choosing their retirement income. We played a leading role in the introduction of the ABI’s Code of Conduct and have been committed to raising awareness about the importance of shopping around for an annuity.
  • More stormy weather ahead for those in flood hit areas

    With the run of bad weather set to continue across the UK, Aviva has surveyors, loss adjustors and contractors on the ground helping those affected.
  • Aviva launches a new auto-enrolment planning tool

    Aviva has launched an interactive, on-line tool designed to support advisers and employers through every step of the automatic enrolment staging process by providing rich planning and communications capabilities.
  • New year, new start: UK SMEs look forward to 2014

    New research from Aviva, the UK’s largest insurer, reveals that whilst many SMEs are entering 2014 with renewed optimism and enthusiasm for running their business, they also recognise the need to take extra steps to keep their business healthy in the first six months of 2014.
  • Aviva releases cancer claims statistics ahead of World Cancer day

    Ahead of World Cancer day on 4 February, Aviva has released previously unseen figures from its critical illness (CI), income protection (IP) and private medical insurance (PMI) claims statistics.
  • Aviva announces Pat Regan to step down as CFO

    Aviva plc announces that Pat Regan, Chief Financial Officer, will be leaving the Group in June to join QBE as its Chief Financial Officer based in Sydney Australia.
  • Aviva comment on Steve Webb's charges consultation statement

  • Mounting expenses leave over-55s paying off an extra month's worth of bills – despite growing incomes

    The biggest monthly income recorded among over-55s since February 2010 is overshadowed by rising living costs over the last twelve months, new findings from Aviva show.
  • More over-55s seeking financial advice as retirement incomes continue to spring surprises

    More over-55s are turning to financial advisers than did so four years ago, new research from Aviva into the shape of financial advice for retirement in 2014 shows.
  • Aviva response to the statement of intent on long-term care signed by the ABI and government

  • Aviva Commercial Finance lends £50 million to Wolverhampton Building Schools for the Future scheme (BSF)

    Aviva Commercial Finance has provided a 25 year, £50 million loan to Inspired Spaces Wolverhampton to build and maintain two new secondary schools for the city, Deansfield Community School and Health Park School.
  • Ian Foy appointed as managing director of personal motor, home and specialist lines for Aviva UK & Ireland General Insurance

    Aviva UK and Ireland General Insurance (UK&I GI) has appointed Ian Foy as managing director of personal motor, home and specialist lines. Ian joins Aviva with immediate effect, reporting to Maurice Tulloch, Chief Executive Officer, UK&I GI.
  • The 2014 claims calendar

    As plans, resolutions and predictions are made for 2014, Aviva has been delving into 10 years’ worth of claims data to reveal the key times of the year when people should take extra care in their homes and cars.
  • Private healthcare customers to benefit from greater competition and transparency

    Aviva welcomes the Competition Commission’s proposed measures following their investigation into the private healthcare market, and the recognition that private healthcare customers and self-pay patients have not been benefitting from competition in the private healthcare market based on cost and quality.
  • A timely reminder: the true value of annuities

    We’ve seen a lot of comment recently about the value for money offered by annuity-type retirement income products. This opens up a useful discussion which helps remind us all of the core purpose of these products.

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