News Tag: Aviva
January 14, 2010
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 ...
Aviva mortgage endowment policies behind target
by Gill Montia
November 25, 2009
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 ...
Recession dents UK pension funds
by David Masters
November 5, 2009
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 ...
Emotional value of home ownership revealed
by Gill Montia
October 19, 2009
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 ...
Recession prompts healthy habits
by David Masters
September 26, 2009
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 ...
Aviva launches online Pensions Tracker
by David Masters
August 24, 2009
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 ...
MyHealthCounts rewards healthy policy holders
by David Masters
June 25, 2009
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 ...
Workplace stress notched-up by recession
by David Masters
June 1, 2009
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 ...
Norwich Union brand scrapped
by Kay Murchie
April 2, 2009
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 ...
Aviva restructuring will see Norwich Union jobs cut
by Peter Charalambous
February 17, 2009
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 ...
‘Sandwich generation’ caught between supporting parents and children
by David Masters
January 16, 2009
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 ...
Free contents insurance at Aviva and More Than
by David Masters
June 9, 2008
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 ...
1,800 jobs to go at Norwich Union
by Kay Murchie
April 30, 2008
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 Moss, unveiled the plans and said ...
Aviva announces plans to dump Norwich Union brand
by Kay Murchie
