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Aviva acquires ING Group’s £30m Russian pension business

Aviva has bought ING Group’s £30m pension fund business and its holding company in Russia.

The fund provides pensions to large multi-national corporate clients and has 17,000 members.

It means Aviva will be the leading foreign-owned provider of non-state pension fund products in Russia, with a 10 per cent share of the assets under management within the competitive corporate pensions market.

Aviva Europe chief executive Andrea Moneta said: “This acquisition will grow our market share of the Russian non-state pension fund business significantly, taking us from a top three foreign-owned player to the leading position. The deal provides the opportunity for us to cross-sell other life and savings products to a substantial customer base.”


The Merchants Trust PLC – April 2017

Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Portfolio Review The Merchants Trust reported results this month and the directors were pleased to announce a 35th consecutive year of dividend growth (subject to shareholder approval at the AGM). The Company is proud to be highlighted as […]


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