Aviva

Aegon staff braced for job cuts in UK overhaul; Aviva launches time to act pensions iPhone app

Aviva is launching a free smartphone application to make pensions planning simpler and more accessible.

The average UK adult needs to save an extra £10,300 a year to live comfortably in retirement, research shows.

Advisers are set to turn their backs on conventional annuities and recommend asset-backed alternatives as annuity rate crashes continue to plague retirees.

GLOBAL - A group of institutional investors with some $558bn in assets under management are urging global stock exchanges to require listed companies to report how environmental, social and governance (ESG) factors impact their businesses.

Absolute return strategies are finding favour with trust-based defined contribution schemes, industry experts say.

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.