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Aviva considers selling US business

Aviva is considering selling its life assurance business in the US in a move which could raise at £1bn, according to the FT.

Aviva group chief executive Andrew Moss (pictured) reportedly told a group of investment managers at a recent meeting that it could consider offers for the business.

The US division is the second largest life business within the Aviva group and has more than 1 million customers.


London councils consider pooling £30bn pension assets

London’s councils are considering establishing a pooled pension fund as part of efforts to cut administration costs and boost infrastructure investment, the FT reports. The proposals would see the creation of a new, single pension fund with up to £30bn of assets. According to the FT, supporters of the plan suggest a combined fund could […]


Adviser’s strike-out bid fails as non-dealing case goes to court

An adviser has lost an application to strike out a court case brought by his former employer which alleges that he breached non-solicitation, non-dealing and non-competing clauses in his contract. Adviser Jonathan Fisher lodged the strike-out application against his former company, SFIA. The application was heard by Master McCloud at the Royal Courts of Justice […]

FSA finds poor practice on central choice

The FSA says firms should not view centralised investment propositions as the automatic investment solution for all clients without assessing individual suitability. The regulator’s guidance consultation on replacement business and CIPs, published last week, defines replacement business as switching a client out of an existing investment into a new solution. Centralised investment propositions refer to […]


Govt criticised over £13bn GMP equalisation plans

The Government is facing mounting industry opposition over plans to equalise guaranteed minimum pension payments between men and women. GMPs are the minimum level of pension an occupational scheme must provide to people who contracted-out of Serps between April 6, 1978 and April 5, 1997. On May 17, 1990 the European Court of Justice ruled […]


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  1. Would be interesting to see if Cowdery can crack the US!!

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