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.
The insurer and pension provider reported an operating profit of £1.2bn in the first six months of the year, compared to £1.4bn in the same period last year. Meanwhile, its operating earnings per share...
Law Debenture posted £11.5m of revenue in its pension business in 2020, growth of 8.3% on the prior year, with its governance service receiving enhanced activity.
This week’s top stories included a legal challenge over the government’s Retail Prices Index realignment, while British Airwards deferred £450m in deficit recovery contributions.
Most reform options for pension tax will leave many savers with smaller pots and cause substantially more costs for schemes and employers, says the Pensions and Lifetime Savings Association (PLSA).
Scottish Widows’ workplace pension assets hit £68bn at the end of 2020, comprising almost half of its total £113bn of open book assets under administration.
The number of deaths registered in England and Wales for week six of 2021 was 27% higher than expected, down from 52% higher than expected in week five of the new year.