Aviva commits to 2022-24 bulk purchase annuity target

Market outlook remains ‘positive’ despite recent volatility

Martin Richmond
clock • 2 min read
Blanc: "Our customers have continued to save for their future and protect what is valuable to them"
Image:

Blanc: "Our customers have continued to save for their future and protect what is valuable to them"

Aviva has reported a fall in bulk purchase annuities (BPA) volumes for the first nine months of 2022, but remains committed to its two-year target.

In its third quarter results, published today (9 November), the company revealed that its BPA volumes in the year-to-date totalled £2.883bn, compared to £3.996bn for the first nine months of 2021. ...

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

The benefits of the members of the Sears Retail Pension Scheme have been fully transferred

Sears scheme fully transfers into Clara in first superfund transaction

The benefits of the 9,600 members of the Sears Retail Pension Scheme have now been transferred

Jasmine Urquhart
clock 29 November 2023 • 1 min read
Pearce: Trustees should consider whether their circumstances and priorities mean that they should approach a new entrant for quotations

New entrants to bulk annuity market set to expand trustee choice

Paper finds record levels of transactions likely to encourage insurers to re-enter the market

Martin Richmond
clock 28 November 2023 • 2 min read
Askews Retirement Scheme agrees £11m buy-in with L&G

Askews Retirement Scheme agrees £11m buy-in with L&G

Transaction has secured the benefits of all 89 members of the scheme

Holly Roach
clock 28 November 2023 • 2 min read
Trustpilot