Tag: Aviva

Parents concerned over EU motor insurance rules

Parents concerned over EU motor insurance rules

Many parents are concerned they will no longer be able to afford to insure their child’s car when new European gender equality rules come into force next month. Thirty-two per cent of the 1,000 parents surveyed by insurer Aviva said they might have to stop their payments as a result of the ruling. From 21 […]

November 21, 2012 More
Bonfire Night worst day for burglaries warns Aviva

Bonfire Night worst day for burglaries warns Aviva

Insurance group Aviva is warning households to be vigilant over security at this time of the year, as burglaries tend to increase signficantly between Halloween and Bonfire Night. On Bonfire Night the number of burglaries increases by around 25 per cent compared with an average day, according to the company’s research. Aviva also reported a […]

October 31, 2012 More
Allow launches social media insurance

Allow launches social media insurance

Allow Ltd, a London-based company focused on helping people protect the privacy of their personal data, has launched the UK’s first social media insurance for consumers. The firm offers services to deal with social media account hacking, reputational damage and other types of ID theft. With Facebook accounts being hacked at a rate of 600,000 […]

September 19, 2012 More
Aviva reports income drop for over-55s

Aviva reports income drop for over-55s

In its latest Real Retirement Report, insurance company Aviva suggests that people over the age of 55 are ‘significantly poorer’ now than they were a year ago. The average income of people over 55 has fallen 4 per cent over the last year, and high-levels of inflation mean that in real terms their income has […]

December 7, 2011 More
Families owe half of annual income

Families owe half of annual income

Insurance company Aviva has revealed that over half of UK families have unsecured debts amounting to half their annual income. With food, transport and energy costs soaring, fifty-two per cent of UK families owe £10,604 on average, on loans, credit cards, overdrafts and other unsecured debts. This represents nearly half the annual household income of […]

November 17, 2011 More
Aviva welcomes plans to scrap compulsory retirement

Aviva welcomes plans to scrap compulsory retirement

Government plans to scrap the default retirement age are “great news” for those approaching retirement, according to pensions provider Aviva. Research by Aviva found nearly seven in ten (68%) of over-55s would like to continue working when they reach 65. Last week the coalition government said from October 2011 employers will no longer be allowed […]

August 3, 2010 More
Female breadwinner a rising trend

Female breadwinner a rising trend

The female breadwinner is a rising trend in the UK, according to new research published this week. A study by Aviva found a tenfold increase in the number of dads staying at home to care for young children while their partner goes out to work. Over 600,000 men now stay at home to look after […]

April 8, 2010 More
Aviva highlights “pre-inheritance” trend

Aviva highlights “pre-inheritance” trend

The traditional practice of leaving an inheritance is being replaced with a “pre-inheritance”. Nearly half (46%) of British adults have received a pre-inheritance, money given to them out of the estate of a benefactor who has yet to die. However, the new trend could already be on the wane, with just 17% of over-55s saying […]

April 6, 2010 More
Aviva mortgage endowment policies behind target

Aviva mortgage endowment policies behind target

Endowment mortgage holders with Aviva (now incorporating Norwich Union) are at risk of not being able to pay off their mortgages when policies mature. In publishing its 2010 bonus rates, the company has let it be known that nine out of 10 of its mortgage endowment policies are expected to fall short of projections. In […]

January 14, 2010 More
Recession dents UK pension funds

Recession dents UK pension funds

More than a third of UK consumers believe their pension savings have been depleted by the recession, new research by Aviva has discovered. Thirty five per cent of the 1,200 people polled – all of whom are nearing retirement – said their retirement funds have fallen in value because of the credit crunch. Over one […]

November 25, 2009 More
Emotional value of home ownership revealed

Emotional value of home ownership revealed

New research has revealed that property-ladder obsessed Britons are changing their priorities, as a result of the economic downturn. In a study by insurer Aviva and psychologist Dr Paul Keedwell, 74% of people questioned said they were happy to remain in their current home and 68% admitted to seeing their home as an emotional investment, […]

November 5, 2009 More
Recession prompts healthy habits

Recession prompts healthy habits

The recession has forced many Brits to live on a tighter budget and to adopt beneficial habits, Aviva has claimed. The insurance firm said the new habits are good for consumers’ health as well as their wallets. Doug Wright, Aviva’s principal clinical consultant, said measures such as home-growing vegetables and keeping chickens have a range […]

October 19, 2009 More
Aviva launches online Pensions Tracker

Aviva launches online Pensions Tracker

Over one million pension savers can track the performance of their pension fund and plan for retirement using a new online tool. The Aviva Pension Tracker, available to Aviva’s pensions customers, was launched this week. The secure website features Lisa, a virtual online guide who shows users around the site and explains the importance of […]

September 26, 2009 More
MyHealthCounts rewards healthy policy holders

MyHealthCounts rewards healthy policy holders

Aviva has launched a new health insurance policy that rewards customers who take responsibility for their own well-being. MyHealthCounts offers policy holders the opportunity to save up to £180 off yearly premiums by keeping fit and healthy. Customers applying for a MyHealthCounts policy are given an online health check, providing them with a “Q Score”. […]

Workplace stress notched-up by recession

Workplace stress notched-up by recession

Millions of working days are being lost every year as Britain’s long-hours culture afflicts employees with work-related stress, depression and anxiety. According to research by Aviva Risk Management Solutions (ARMS), 13.5 million working days were lost in 2007-08 due to work-related mental health problems. ARMS believes the problem is set to heighten as businesses stretched […]

Norwich Union brand scrapped

Norwich Union brand scrapped

The renowned brand, Norwich Union (NU), has gone for good today after it has been replaced by Aviva. Last April, Aviva stunned the insurance sector by announcing it was to scrap the NU brand, which as been one of the country’s best-known financial services brands for over 200 years. According to Aviva’s chief executive, Andrew […]

Aviva restructuring will see Norwich Union jobs cut

Aviva restructuring will see Norwich Union jobs cut

Norwich Union Life, the UK arm of the insurance business of Aviva PLC, said today that it will cut around 1,100 jobs in the UK, in order to make its operations more efficient. The announcement follows on from Aviva Chief Executive, Andrew Moss, saying that there will be a round of job cuts across insurance […]

‘Sandwich generation’ caught between supporting parents and children

‘Sandwich generation’ caught between supporting parents and children

UK adults are increasingly feeling the need to offer their parents financial support, but are struggling to find the cash to do this. Research by Norwich Union found that two thirds (68%) of adults would like to help fund their parents’ retirement, but are unable to do so because of their own financial situation. Nearly […]

Free contents insurance at Aviva and More Than

Free contents insurance at Aviva and More Than

Two of the UK’s biggest home insurance providers, Aviva (Norwich Union) and More Than, are offering free contents insurance to new buildings insurance customers. Aviva’s offer gives up to £50,000 free contents cover to customers buying buildings and contents insurance together. The offer is available on all new policies, provided that customers have not made […]

1,800 jobs to go at Norwich Union

1,800 jobs to go at Norwich Union

Aviva is to cut up to 1,800 jobs at its Norwich Union business, as it looks to streamline its insurance operations. Britain’s biggest insurer is to slash the administration jobs by 2010 as it reduces its customer service and back office centres for general insurance from 22 to 7. The company has pledged to try […]