UK - Insurance giant Aviva is to slash the costs of its UK operations after falling stock markets and economic uncertainty saw its sales of life and pensions products drop by 22%.
Chief executive Richard Harvey warned that “challenging market conditions” were set to persist throughout this year, noting that the firm was focused on cutting costs and raising revenues.
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
