About two-thirds of over-55s are concerned they would not be able to raise the necessary cash if faced with an unexpected payout of £500 or more, according to the Aviva Real Retirement Report.
Chairman of Aviva Lord Sharman said today the rejection of a buyout bid from RSA was an undisputed board decision.
A record £12.5bn risk transfer deals were done in the first half of the year and a quarter of major firms will de-risk by 2012, Hymans Robertson predicts.
Aviva Investors chief executive Alain Dromer has been named the next Association of British Insurers investment committee chairman.
Chairman Akash Rooprai asks the panellists for their views on the development of longevity protection products, the effect of Solvency II on annuity books, tools to help clients understand their funding levels, and the impact of insurers exiting the market...
The panellists discuss their expectations for the rental market, taking into account a cost-cutting public sector and close examination of index data. They also consider the effect of the refinancing of property-related debt on the market
GLOBAL - Pension funds activism as shareholders was "conspicuous by its absence" during the crisis but more engagement by schemes could have made things worse, an academic claimed.
Aviva will pump £365m into its staff pension scheme in a bid to tackle its £2.7bn deficit.
UK - Aviva will pump £365m (US$540bn) into its staff pension scheme in a bid to tackle its £2.7bn deficit.
Pension schemes transferred more than £4bn of liabilities in Q1 making it the highest ever quarter for risk transfer, Hymans Robertson says.