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News Tag: Aviva

November 21, 2012

Parents concerned over EU motor insurance rules

by Jan Harris
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 December, insurers will no longer ...




October 31, 2012

Bonfire Night worst day for burglaries warns Aviva

by Jan Harris
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 33 per cent increase in ...




September 19, 2012

Allow launches social media insurance

by Jan Harris
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 a day worldwide, the market for Allow’s products ...




December 7, 2011

Aviva reports income drop for over-55s

by Jan Harris
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 fallen even further. The over-55s have ...




November 17, 2011

Families owe half of annual income

by Jan Harris
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 £23,796, according to Aviva's Family Finances ...




August 3, 2010

Aviva welcomes plans to scrap compulsory retirement

by David Masters
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 to force employees into retirement at the age of 65. The plans are currently under consultation, but are ...




April 8, 2010

Female breadwinner a rising trend

by David Masters
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 their kids while their wife or girlfriend works. ...




April 6, 2010

Aviva highlights “pre-inheritance” trend

by David Masters
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 they plan to give a pre-inheritance to loved ones. One in five (20%) of this ...




January 14, 2010

Aviva mortgage endowment policies behind target

by Gill Montia
”Aviva
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 2009, the insurer's with-profits fund produced a return ...




November 25, 2009

Recession dents UK pension funds

by David Masters
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 in ten (12%) said so much has been lost ...




November 5, 2009

Emotional value of home ownership revealed

by Gill Montia
”Emotional
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, rather than a money making commodity. In ...




October 19, 2009

Recession prompts healthy habits

by David Masters
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 of financial and health benefits. Other healthy habits adopted since the ...




September 26, 2009

Aviva launches online Pensions Tracker

by David Masters
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 pensions planning. Customers can use the site to check the ...




August 24, 2009

MyHealthCounts rewards healthy policy holders

by David Masters
”MyHealthCounts
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". Those with a Q Score of more than ...




June 25, 2009

Workplace stress notched-up by recession

by David Masters
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 by the recession put additional strain on employees. "According to ...




June 1, 2009

Norwich Union brand scrapped

by Kay Mitchell
”Norwich
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 Moss, the rebranding is part of a plan to unify ...




April 2, 2009

Aviva restructuring will see Norwich Union jobs cut

by Peter Charalambous
”Aviva
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 services and this view has ...




February 17, 2009

‘Sandwich generation’ caught between supporting parents and children

by David Masters
'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 three quarters (72%) of those surveyed ...




January 16, 2009

Free contents insurance at Aviva and More Than

by David Masters
”Free
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 a buildings or contents insurance claim ...




June 9, 2008

1,800 jobs to go at Norwich Union

by Kay Mitchell
”1,800
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 to find people other jobs ...