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

TT Group scheme agrees £400m buy-in with L&G

TT Group scheme agrees £400m buy-in with L&G

The transaction with L&G covers the benefits of around 5,000 retirees

Martin Richmond
clock 22 November 2022 • 3 min read
Just launches series to help with risk transfer process

Just launches series to help with risk transfer process

The firm has launched a series of videos to help trustees with the transition process

Holly Roach
clock 08 November 2022 • 1 min read
The funding levels of many schemes have improved sharply this year

Half of FTSE 350 DB schemes set to reach buyout funding level within three years

The funding level of many DB schemes has significantly improved this year

Jonathan Stapleton
clock 04 November 2022 • 1 min read
Trustpilot