NU may reduce £1bn reattribution after market fall

In its interim management statement this morning, Aviva says the one million policy holders affected could see payouts changed as the FTSE has dived well under the 5,421 level when the deal was announced on 30 July. Backed by independent policyholder advocate Clare Spottiswoode after long negotiation, the plan is in addition to its £2.1bn inherited estate bonus made to policyholders earlier in the year. The firm now says it could change the reattribution terms to ensure it “remains fair to both customers and shareholders”, but will not make a decision in the short term given the current...