Aviva to launch retirement division to tackle biggest global 'financial challenge'

James Phillips
clock • 2 min read

Aviva has set out its strategy to launch an investments, savings and retirement division as it seeks to simplify its overall business.

The insurer and pension provider reviewed its group strategy and businesses, deciding to separate its activities into five divisions, which also include UK life, general insurance, Europe life, and Asia life. The move comes amid a drive to boost the company's competitiveness while reducing costs, with 1,800 jobs expected to be lost over the next three years. The investment, savings and retirement division is designed to respond to "the biggest financial challenge globally", Aviva said, while providing "an exciting opportunity" for the firm. It noted, in particular, supporting savers t...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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