FSA says Aviva's reattribution plan is fair

The regulator stated that the assessment relates both to the payment being received by the policyholder relative to the return being made to the shareholder and the treatment of policyholders who wish to vote not. It added that the preliminary assessment is based on current market conditions and that it will offer a final assessment when the matter reaches the High Court. The combination of the firm's offer and the special distribution means that an equivalent of 70pc of the value of the inherited estate would be released to policyholders, if all policyholders voted to accept their payout...