Aviva and L&G to cut dividends - papers

clock

Two of Britain's biggest insurers are poised to slash dividends this week, potentially derailing the stockmarket's blockbuster summer rally, The Times reports.

Aviva is expected to unveil a 40% cut in its first-half payment and warn of further potential reductions. Legal & General (L&G), which has been facing persistent questions over its capital strength in recent months, is likely to reduce its dividend by up to half. The news comes after the FTSE recorded its best month in six years, gaining 8.5% in July, closing at 4,608 on Friday. The index has been driven by better-than-expected profits in Britain and America. Aviva and L&G are among the biggest FTSE dividend payers, shelling out £1.2 billion to investors last year. Full story...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Feel Good Friday: Wise Investment employee takes on the Great Wall of China for charity

Feel Good Friday: Wise Investment employee takes on the Great Wall of China for charity

Raising funds for Katherine House Hospice

Professional Adviser
clock 13 March 2026 • 1 min read
Directly authorised numbers fall as networks continue to attract advisers

Directly authorised numbers fall as networks continue to attract advisers

‘The DA market is shrinking’

Isabel Baxter
clock 12 March 2026 • 3 min read
Almost half of clients report increase in advice fees

Almost half of clients report increase in advice fees

One of five advisers plan to increase initial fees in next 12 months

Isabel Baxter
clock 12 March 2026 • 2 min read