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

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

The real question trustees should be asking – why?

The real question trustees should be asking – why?

Antony Miller asks why innovation in DB consolidation is moving at such a snail’s pace

Antony Miller
clock 16 April 2025 • 3 min read
South East Water Pension Scheme secures £120m buy-in deal with Just Group

South East Water Pension Scheme secures £120m buy-in deal with Just Group

Second transaction with the scheme means all member benefits are now insured

Holly Roach
clock 14 April 2025 • 2 min read
Escrow: The unsolved solution to pension problems?

Escrow: The unsolved solution to pension problems?

LawDeb and Dentons look at the use of escrow to solve problems such as trapped surplus

James Rickards and Carolyn Saunders
clock 14 April 2025 • 4 min read
Trustpilot