Aviva bulk annuity sales increase 15% to £1.86bn

Annuities and equity release profit for H1 has increased to £346m

Hope William-Smith
clock • 1 min read
Brown: “We will continue to grow our BPA business in an efficient way."
Image:

Brown: “We will continue to grow our BPA business in an efficient way."

Sales of bulk purchase annuities (BPA) by Aviva in the first half of the year increased 15% to £1.9bn, according to half year results published by the firm today (10 August).

Aviva noted the £1.9bn in risk reduction activity recorded for H1 was notably higher than the £1.6bn recorded between January and June last year and said it "chose to maintain pricing discipline in...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

H1 2023 bulk annuity market reaches highest recorded levels

H1 2023 bulk annuity market reaches highest recorded levels

Aon research finds record market volumes reflected by increased scheme funding levels

Martin Richmond
clock 29 September 2023 • 2 min read
KGM scheme completes £4m buyout with Just Group

KGM scheme completes £4m buyout with Just Group

Transaction secures the benefits for 14 deferred members and ten pensioners

Martin Richmond
clock 28 September 2023 • 2 min read
PIC's Tracy Blackwell: H1 saw a strong balance sheet, record bulk annuity transactions and purposeful investment

PIC announces £6.5bn in new business premiums in H1 results

Insurer also expects to see more than £200bn of risk transfer demand in next three years

Jasmine Urquhart
clock 27 September 2023 • 2 min read
Trustpilot