Aviva

The employees at Metropolitan Thames Valley have been rolled into a single defined contribution (DC) scheme within the Aviva Master Trust solution.

Aviva’s operating profit fell by 11% in the first half of the year as Covid-19 hit business activity, although a growth in bulk annuity sales partially offset the drop.

Baroness Nicky Morgan has been appointed as a non-executive director of the board of the Financial Services Compensation Scheme (FSCS) alongside Cathryn Riley and Wendy Williams.

More than a third of savers have taken some form of action relating to their pension during the national lockdown, according to research by Aviva.

Twelve years after its funding level was hit severely by the global financial crisis, the GHG pension scheme completed a £150m buy-in amid the Covid-19 economic chaos. James Phillips speaks to the key players about the journey.

This week’s top stories included Barnett Waddingham announcing nine new partner promotions, while three accounting bodies came together to publish Covid-19 guidance for the compilation of pension scheme accounts.

While concerns around credit market liquidity have been rising since the global financial crisis, the Covid-19 sell-off has highlighted how fragile liquidity can be during periods of real stress. Colin Purdie discusses the short- and long-term implications...

The Unomedical Pension Plan has agreed to a £10m buyout of its 65 members’ liabilities with Aviva.

This week’s top stories included XPS Pensions revealing the best and worst performing fiduciary managers in Q1, while the Pensions and Lifetime Savings Association has published a template to help defined contribution trustees with annual chair’s statements....

Keen insurer pricing and streamlined services will lead to a surge in demand from smaller schemes to undertake bulk annuity transactions, Lane Clark & Peacock (LCP) predicts.