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Hodges to lead Aviva shake-up in UK

Aviva is to bring its UK life and general insurance businesses together under the leadership of current UK life chief executive Mark Hodges who takes on the new role of UK chief executive.

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Galling example

I don’t know why you deem it necessary to give a whole page to the views of Clive Briault. I find it galling that someone who has failed in his responsibility to a: give £380,000 of our money (and our relates to all decent hard working advisers who pay their regulatory fees and know if they didn’t then they risk losing their income and livelihood) and b: then feels he has the right to have a view on matters. If you have such views, you should have made them known and done something about it in your last job.

Value remains within European equities

By Rob Burnett, Neptune European Opportunities Fund

In recent months, investors have become more pessimistic about both the European and the US economic outlook and yet stockmarkets have pushed on to new highs. Some would argue that this is a worrying divergence. We would take the opposite view. This appears to be classic bull market behaviour. A wall of worry has been rebuilt, and stockmarket resilience should be taken as a sign of strength. The market is discounting an improving economic outlook ahead, particularly in the south of Europe.

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