The FCA has launched a review of Aviva's handling of plans to cancel £450m of high-yielding preference shares at par value, with the regulator set to make a decision on whether a full market abuse investigation is necessary.
Insurance giant Aviva was forced to abandon its intentions, which would have meant the preference shares will no longer count as regulatory capital in 2026, following pressure from investors. In a letter...
Following Zurich acquisition
Aviva has set out its strategy to launch an investments, savings and retirement division as it seeks to simplify its overall business.
Clients and advisers frustrated by red tape
More than 4,500 retail investors affected
Failure to engage