Aviva

Providers have made preparations to deal with auto-enrolment’s busiest period. Rachel Dalton reports

Aviva is to cut more than 6% of its global workforce with 2000 roles across the UK, Europe and Asia being made redundant.

Insurers expect to write more than £6bn of buyout and buy-in business in 2013 after a strong finish to 2012 saw £1.5bn in transactions, says JLT Employee Benefits.

Newspaper group Trinity Mirror has almost quadrupled the amount of de-risking insurance contracts it holds as discount rate falls increased its deficit, its final year results show.

Aviva has scrapped plans to add a group ISA and group SIPP to its employee benefits platform, Work:Life.

Aviva suffered a loss of £3bn in 2012 due to a £3.3bn writedown from the sale of its US business last year.

Insurance giant Aviva is likely to shock the City when it posts a £3bn loss in its full-year results this week, the Sunday Times reports.

Around two-thirds of employers and employees are supportive of the Department for Work and Pensions ‘pot follows member' plans, according to research from Aviva.

More than a third of employees (37%) plan to opt out of auto-enrolment, while a further 28% are considering withdrawing from the scheme, research from Aviva says.

Trevor Matthews, chief executive of Aviva UK, is to step down from the role.