Tag: Aviva

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 | 0 Comments 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 | 0 Comments 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 | 0 Comments 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 | 0 Comments 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 | 1 Comment 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 | 0 Comments 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 | 0 Comments 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 | 0 Comments 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 | 1 Comment 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”. [...]

August 24, 2009 | 0 Comments More
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 [...]

June 25, 2009 | 0 Comments More
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 [...]

June 1, 2009 | 0 Comments More
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 [...]

April 2, 2009 | 0 Comments More
‘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 [...]

February 17, 2009 | 0 Comments More
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 [...]

January 16, 2009 | 0 Comments More
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 [...]

June 9, 2008 | 0 Comments More
Aviva announces plans to dump Norwich Union brand

Aviva announces plans to dump Norwich Union brand

Aviva has stunned the insurance sector by announcing it is to scrap the Norwich Union brand name. Norwich Union is the biggest life-insurer in the UK with a strong position in car insurance and has been one of the country’s best-known financial services brands for over 200 years. Aviva’s chief executive since last July, Andrew [...]

April 30, 2008 | 0 Comments More