Aviva has reported a £776m net profit for the first half of this year, following a £624m loss for the half year 2012, but said UK life operating profit fell.
The group's UK life business saw operating profit slump £13m to £438m for the first half of the year, and new business volumes reduced by 16%, though the value of new business was 16% higher, mostly driven...
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.