Media Centre

News archive - 2014

  • Childcare costs see parents of 0-5s work for less that £100 a month

    Working parents are being hamstrung by childcare costs, with thousands effectively working for nothing, Aviva can reveal.
  • Incomes rise for UK families but debts soar over last six months

    UK families are facing a challenge of re-balancing the books, as incomes and debts have risen in tandem, the latest Aviva Family Finance Report reveals.
  • Britain's over-50s worry most about gift buying but see 'family time' as the key to a happy christmas

    Stressing over what presents to buy their children and grandchildren is the biggest festive worry for Britain’s over-50s, who are planning on spending around £300 on gifts this year, Aviva research shows.  
  • Aviva extends RedArc benefit to group critical illness customers

    Customers with Aviva’s group critical illness cover will be able to access practical advice and emotional support following a claim, due to the extension of a successful partnership with the RedArc Personal Nurse Adviser service.
  • Aviva supports European Commission's €315bn investment plan

    Aviva declares its support for the European Commission’s plan to invest €315bn in EU infrastructure and SMEs from 2015 to 2018.
  • Aviva comment on the autumn statement from John Lawson, Head of Policy

  • Aviva Agrees £60.65 Million Facility To Refinance Four Industrial / Distribution Assets

    Aviva Commercial Finance has provided a five year 50% LTV facility to global property investor EPIC. The facility will refinance four assets located in key manufacturing and distribution locations in Glasgow, Thatcham, Tamworth and Milton Keynes.
  • Disclosure of Issued Shares Pursuant to Rule 2.10

  • Two thirds of advisers see an increase in number of active clients

    The latest Aviva Adviser Barometer survey has found that 69% of all advisers have seen the size of their ‘active’ client base increase in the last twelve months, a significant move from the 28% in September 2013. The largest proportion (31%) said the main source of new clients has come from new entrants to the market, rather than former clients of other advisers (23%).
  • Amanda Mackenzie to lead global education programme for UN's Sustainable Development Goals

    Aviva announces that it will be a founding partner of a new initiative by Richard Curtis, film director and founder of Red Nose Day and Make Poverty History, which will aim to bring the UN’s Sustainable Development Goals to every person around the world in 2015.  The UN’s Goals will aim to end extreme poverty and arrest the problems caused by climate change.
  • Aviva announces closing of the initial public offering of AvivaSA and extension of bancassurance agreement with Akbank

    Aviva plc (“Aviva”) announces the closing of the initial public offering of ordinary shares of its joint venture AvivaSA Emeklilik ve Hayat A.S. (“AvivaSA”). The company is expected to be listed as “AVISA” on Borsa İstanbul from 13 November 2014.
  • Organised gangs drive increase in crash for cash

    Crash for cash – road traffic accidents deliberately caused in order to claim whiplash compensation – is now at the highest level ever detected by Aviva, the UK’s largest insurer.
  • Aviva plc Third Quarter 2014

    Mark Wilson, Group Chief Executive Officer, said: “Aviva’s turnaround is delivering. Our key metrics have improved again. Year to date, our net asset value is 10% higher; value of new business is up 15%1 and the general insurance combined ratio improved to 95.9%. “The steps we have taken to focus and strengthen the Group mean we are in a different position to two years ago. “Notwithstanding this progress, there is still more to do before we can be satisfied we are fully delivering on our investment thesis of cash flow plus growth.” Cash flow Progress in cash remittances expected at FY14 Operating capital generation £1.3 billion (9M13: £1.3 billion) Value of new business Value of new business grew 15%1 to £690 million3 (9M13: £619 million2,3) Balanced product mix with VNB split 36% protection, 35% savings and 20% annuities Increase driven by strong performance in Europe (40%1) and Asia (47%1) UK life returned to growth in the 3rd quarter, with VNB up 18%. 9M14 VNB 9% lower Expenses Momentum on expense efficiency has continued Combined operating ratio Combined operating ratio (COR) of 95.9% (9M13: 96.9%) UK COR improved by 1.4 percentage points to 94.1% (9M13: 95.5%) Canada COR of 96.8% (9M13: 95.2%) impacted by worse weather and fire losses Balance sheet IFRS net asset value increased 10% year to date to 298p (FY13: 270p) Economic capital4 surplus £7.9 billion (FY13: £8.3 billion)
  • Guys and ghouls spark a rise in thefts, fires and vandalism

    With dark fiery nights and ghoulish goings on, Aviva is warning homeowners that burglaries, vandalism and house fires increase sharply over Halloween and Bonfire Night.
  • Don't interrupt - SMEs leave themselves open to potential business losses

    New figures from Aviva, the UK’s largest SME insurer, show UK businesses may be burying their heads in the sand and leaving themselves financially vulnerable should they suffer an incident that interrupts their normal business operations.
  • Aviva reaches milestone in fight against 'dishonest' whiplash claims

    Aviva has won a significant victory in the fight against dishonest whiplash claims, which saw a low speed whiplash claim not only rejected, but ruled by the court as “fundamentally dishonest”
  • Aviva calls for global leaders to tackle short-termism in business

    Speaking today at the United Nations World Investment Forum in Geneva Mark Wilson, Group Chief Executive Officer of Aviva plc, called on regulators, policy makers and business leaders to tackle short-termism in regulation, stock exchanges and accounting principles. He argued that “not being sustainable could be the biggest market failure of all time.”
  • Seven million households left financially vulnerable as growing numbers are forced to rent

    A new Aviva study of more than 2,500 British adults suggests that those living in rented houses are far less likely to have certain financial products including life insurance, savings accounts or pension savings, than those living in mortgaged homes.
  • Borrowing and spending up as Britain's over-55s cash in on the improving economy – Aviva Real Retirement Report

    Britain’s over-55s are ready to turn their backs on austerity as renewed confidence in the economy fuels higher spending and borrowing, the latest Aviva Real Retirement Report shows.
  • Consumer apathy is a danger to new retirement choices

    Many of Britain’s over-55 year olds say the massive changes to retirement income announced in this year’s Budget will have no impact on them, research from Aviva’s latest Real Retirement Report shows.
  • Aviva statement on government announcement on inheritance tax

  • Aviva calls for greater balance in how retirees choose their retirement solutions

    Retirees should consider a mix of solutions to fund their retirement rather than take a once-only annuity versus income drawdown decision, an investment special report from Aviva recommends.
  • Aviva launches New Thinking book to help advisers

    On the 6th October 2014, Aviva is set to launch its third New Thinking business book, aimed at helping advisers connect with their ‘sandwich generation’ clients.
  • Aviva rolls out backtobetter service to SME clients

    Aviva has announced that their innovative rehabilitation service for musculoskeletal conditions, BacktoBetter, will now be available as standard on Solutions private medical insurance plans for small and medium sized corporate clients.
  • Aviva Responds to CMA Report

    Rob Townend, UK General Insurance Claims Director at Aviva, said of today's final report from the Competition and Markets Authority
  • FSA Remuneration Code Disclosure

    The Financial Conduct Authority (FCA) Remuneration Code applies to Aviva Wrap UK Limited and Aviva Investors UK Funds Limited for Aviva Wrap UK Limited, Aviva Investors UK Funds Limited for the 2013 Performance Year (01/01/2013 – 31/12/2013). These companies are designated as level 3 organisations as defined in the Remuneration Code. This disclosure meets the requirements of the Code.
  • Aviva to sell its stake in Spanish joint venture CxG Aviva for €287 million

    Aviva plc (“Aviva”) announces the sale of its holding in its joint venture CxG Aviva to Novacaixagalicia Banco (“NCG Banco”), for €287 million (£226 million) in cash. The transaction results from a decision by the Arbitration Tribunal in Madrid2 issued today, which concludes legal proceedings between Aviva and NCG Banco.
  • Half of students treat student loans as a 'windfall'

    Students admit to blowing their loan intended for accommodation, food and essentials, on nights out, gadgets and even holidays, a study revealed yesterday.
  • Breast cancer accounts for half of female critical illness claims

    Ahead of Breast Cancer Awareness Month which runs throughout October, Aviva has released new statistics about critical illness claims relating to breast cancer.
  • Aviva appoints Sir Adrian Montague as Chairman from April 2015

    Aviva plc (“Aviva”) is pleased to announce that Sir Adrian Montague will become non-executive chairman on the retirement of John McFarlane at the Aviva AGM in April 2015.  This follows the announcement today that John will succeed Sir David Walker, as chairman of Barclays, following its AGM also in April 2015.
  • Yu Ning appointed president of Aviva-COFCO

    Aviva Asia is pleased to announce the appointment of Mr Yu Ning (“Richard”) as President of Aviva-COFCO Life Insurance (“Aviva-COFCO”), its joint venture in China. The appointment is effective immediately and, as President, Richard will be responsible for overseeing all the business operations and driving the ambitious growth of Aviva-COFCO, a top seven foreign life insurer in China.
  • Students covered for contents

    Aviva home insurance provides £5000 of cover to students studying away from home
  • Aviva launches health records app for International Solutions customers

    Customers with Aviva’s International Solutions private medical insurance will now be able to access a new personal membership smartphone app, which can store their medical records, provides details of how to claim wherever they are in the world, and gives immediate access to emergency assistance and medical advice.
  • Aviva takes preliminary step in proposed initial public offering of its turkish life and pensions joint venture

    Aviva plc (“Aviva”) and Hacı Ömer Sabancı Holding A.S. (“Sabanci”) are assessing a potential initial public offering of a minority stake (up to 20%) in their life and pensions business AvivaSA Emeklilik ve Hayat A.S. (“AvivaSA”). As part of the process, AvivaSA has today submitted a Turkish-language prospectus (“Izahname”) to the Turkish Capital Markets Board for review, in accordance with Turkish regulation.
  • What's the alternative? SMEs miss out on new funding options

    New research from Aviva reveals that SMEs may be missing out on new funding options due to a lack of awareness and understanding
  • 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.
  • Aviva plc capital markets day

    Aviva plc (“Aviva”) today is hosting a capital markets day for analysts and investors.
  • 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 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 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 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 shortcomings in retirement planning leaves loved ones at risk

  • 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.
  • 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 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 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 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 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”).
  • 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 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”).
  • 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 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 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's comment in response to the ABI's announcement today on retirement income reforms

  • 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.
  • 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.
  • 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 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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).
  • 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 comment on Steve Webb's charges consultation statement

  • 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.
  • 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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