Insurancemy aviva for advisers

Aviva for advisers: Insurance, Savings & Loan 2021

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Aviva is a British multinational insurance firm headquartered in London, England. it’s about 33 million customers across 16 countries. within the UK, Aviva is that the largest general insurer and a number one life and pensions provider. My Aviva for advisers.

Aviva also features a specialization in the markets in Europe and in Asia and, especially, on the expansion markets of China and Southeast Asia. Aviva is additionally the second-largest general insurer in Canada. Aviva features a primary listing on the London stock market and maybe a constituent of the FTSE 100 Index.

Name
The name of the corporation upon its formation in May 2000 was CGNU plc and was created when Norwich Union merged with insurer CGU. In April 2002, the corporate‘s shareholders voted to vary the company name to Aviva plc, an invented palindrome word derived from “viva”, the Latin for ‘alive’ and designed to be short, memorable and work worldwide. The Norwich Union brand, however, was retained for the united kingdom’s long-term savings and general insurance business.

In April 2008, Aviva announced that it might adopt the Aviva name as its worldwide consumer-facing brand, which the Norwich Union brand would be phased call at the UK. Read more about Aviva.

History
Aviva can trace its history back to the establishment of the Hand in Hand Fire & life assurance Society in London in 1696.
It was created by a merger of two British insurance firms, Norwich Union and CGU plc[10] (itself created by the merger of 1998 of economic Union and General Accident) as CGNU in February 2000. The Aviva name was adopted in July 2002.

Thereafter, most of the group operations, apart from some strong local brands, were administered under the uniform brand “Aviva”. In March 2005, Aviva acquired the RAC plc breakdown recovery operation for around £1.1 billion.

In July 2006, Aviva greatly increased its presence within us by acquiring AmerUs Group, a Des Moines-based financial services company founded in 1896 during a $2.9 billion (£1.6 billion) deal.

The launch was supported by a £9 million ad campaign to market the rebranding (one of the foremost expensive ever within the insurance field), with the participation of celebrities including Bruce Willis and Alice Cooper.[16] In June 2009, the corporate decided to eliminate Navigator, its Australian wealth management business, to National Australia Bank for A$825 million (£401 million). aviva for advisers.

Aviva Forbes profile.

In October 2009, the corporate decided to specialize in its commercial insurance sector and demonstrate its commitment to brokers by launching their ‘find a broker’ facility, using the British Insurance Brokers Association programto assist them with this endeavor, Paul Whitehouse was recruited to play the part of a successful hairdresser running three salons. The message of the campaign focused on business insurance through insurance brokers.

In September 2011, Aviva completed the sale of RAC plc breakdown recovery operation for £1.0 billion to The Carlyle Group.[19] In February 2012, Aviva sold its occupational health business to British support services company Capita.

In July 2012, Aviva announced plans to sell or close 16 noncore businesses so as to simplify its activities and boost shareholder returns. As a part of the plans, Aviva announced the sale of its operations in South Korea and therefore the closure to a new business of its bulk buying annuity unit within the UK. In August 2012, Aviva announced that up to 800 jobs would be lost, following a reorganization caused by further turmoil within the Eurozone.

In December 2012, Aviva agreed to sell Aviva USA Corporation to Athene Holding for US$1.8 billion (£1.1 billion) as a part of an idea to enhance shareholder returns and reduce the group’s capital requirements, having paid $2.9 billion in 2006 and incurring an outsized loss on the sale. Athene subsequently sold the life assurance business of Aviva to Global Atlantic. aviva for advisers.

Aviva on BBC.
On 13 April 2015, Aviva completed the £5.6 billion all-share takeovers of Friends Life Group. Andy Briggs, current group chief executive of Friends Life, became CEO of Aviva UK Life, with Mark Wilson continuing as CEO of the enlarged Aviva Group. In July 2016, Aviva froze withdrawals from the Aviva Investors Property Trust due to a scarcity of liquidity after Britain’s vote to go away from the ECU Union on the 23rd of June. In September 2017, Aviva agreed to sell its Italian venture Avipop Assicurazioni to Banco BPM for US$312.01 million (€265 million).

In March 2018, Aviva, controversially, announced that it “had the ability” to cancel its irredeemable preferred stock at par. This caused a wider unload within the preference share market within the UK. Also in March 2018, the corporate announced to spend around £600 million on so-called “bolt-on” acquisitions, that are in “Poland, Turkey, anywhere we’ve existing markets”.

In October 2018, Mark Wilson agreed to step down as CEO with immediate effect, with Adrian Montague taking interim control of the corporate, pending Wilson’s formal departure in 2019.[34] Maurice Tulloch was appointed CEO in March 2019;[35] however, he stood down in July 2020 for family health reasons and was replaced by Amanda Blanc, who previously served as an Independent Non-Executive Director of the corporate.

operations

Aviva’s main activities are the supply of general and life assurancefuture savings products, and fund management services. The group has around 29,600 employees and 33 million customers. Aviva Investors has £289.9 billion assets under management. aviva for advisers.

Principal subsidiaries
United Kingdom
Aviva Life – Pensions, investments, life assurance, and future savings (formerly Norwich Union)
Aviva Insurance – General Insurance (including the Quotemehappy brand)
Aviva Investors – Fund Management (formerly Morley)
Canada – Aviva Canada
China – Aviva-Cofco
France – Aviva France
Hong Kong
India – Aviva India
Indonesia – Astra Life
Ireland
Aviva Direct
Aviva Health
Italy – Aviva Italia Holding S.p.A.
Lithuania
Poland – Aviva Polska (TUO, TUŻ, TFI Aviva Investors, PTE BZ WBK-Aviva, Expander)
Singapore
Turkey – AvivaSA Emeklilik
Vietnam
Following the completion of Friends Life Group Limited in April 2015, Friends Provident International Limited is now a part of the Aviva Group.

Senior management
CEO Richard Harvey retired on 11 July 2007. His successor was Andrew Moss, the previous group finance director. Moss was paid an annual base salary of £925,000 for his role as Chief Executive.[38] Moss resigned on 8 May 2012, after shareholders voted down a proposed senior management pay deal which might have seen Moss increase his basic pay by 5% despite several years of Aviva underperformance.

Following the departure of Aviva’s CEO, Andrew Moss, McFarlane assumed the role of executive deputy chairman and have become executive chairman on 1 July 2012.[39] On 20 November 2012, Aviva announced that Mark Wilson had been appointed CEO, starting 1 January 2013. aviva for advisers.

On 12 September 2014, Aviva announced that Sir Adrian Montague would become non-executive chairman, on the retirement of John McFarlane at the Aviva AGM in April 2015. On 9 October 2018, the Aviva Board announced Mark Wilson was to step down, remaining as a part of the corporate until April 2019 though on garden leave; with Sir Adrian Montague assuming executive responsibilities within the interim whilst a replacement candidate is sought.

Maurice Tulloch was appointed CEO in March 2019; however, he stood down in July 2020 for family health reasons and was replaced by Amanda Blanc, who previously served as an Independent Non-Executive Director of the corporate. Jason Windsor was announced as chief treasurer in September 2019.

George Culmer took over as Chairman of Sir Adrian Montague on 27 May 2020.

Sponsorships
In May 2008, Aviva became Norwich City Football Club’s main sponsor. In a billboard from 2009 starring Paul Whitehouse, they feature a Plymouth Argyle F.C. fan who uses Aviva automobile insurance, followed by a Green Army chant.[45] It also acquired the naming rights for the redeveloped Lansdowne Road stadium in Dublin, Ireland, and can now be called the Aviva Stadium. my Aviva system biology.

In July 2010, Aviva also took over sponsorship of the rugby union’s English Premiership from Guinness. The initial four-year sponsorship deal saw £20 million invested into club Rugby. In July 2013, Aviva extended its title sponsorship of the Premiership until July 2017. aviva for advisers.

Aviva for advisers

Aviva DigiCare+ may be a smartphone app that gives a variety of interconnected benefits to assist individual protection customers to take hold of their health and wellbeing.

The Coronavirus pandemic has put health at the forefront of people’s minds. many of us across the united kingdom are handling obesity, diabetes, and psychological state issues, and can’t always access the proper support to assist manage these conditions. aviva for advisers.

my aviva plc

For years our protection policies are giving financial protection to customers and their families should they fall ill or pass on. But we also want to assist customers to live a happier, healthier life today.

Easy access to specialist clinicians

That’s why we’re introducing Aviva DigiCare+. Powered by Square Health, with added-value benefits provided by a variety of carefully selected third parties, the app gives your clients a variety of complementary health and wellbeing benefits (optional extra benefits may incur a charge).

Customers and eligible relations are often connected with specialist clinicians, nutritionists, and psychologists to assist them to prevent, detect, or manage health and wellbeing problems.

Prevention is the best medicine: Aviva for advisers.

Aviva DigiCare+ has been developed with customers and advisers in mind. We’ve focused on benefits that will help encourage customers to stop and detect illness.

my aviva for advisers plc

Following registration on the app, customers are going to be encouraged to require advantage of an annual clinical checkup to assist them to understand their health status and potentially detect early signs of common health problems. Provided by Square Health, the finger-prick biopsy is completed reception and returned to a laboratory by Freepost. It checks 20 different health markers including diabetes, cholesterol status, and liver health, and includes a follow-up digital consultation with a professional GP to debate their personalized health report.

A broad range of services

In addition to the annual checkup, clients can access the subsequent services:

Mental health consultations.
Nutrition consultations.
Bupa Anytime HealthLine.
Second medical opinion.
Bereavement support like estate administration and counseling
Digital GP (optional paid-for service)
Physiotherapy (for Income Protection+ customers)
The clinical services within the app are connected, allowing specialists to signpost customers to other medical experts, with consultation notes and private medical details safely stored but easily accessible by customers within the app.
The app provides eligible Aviva customers with one access point to at least one of the UK’s largest networks of medical specialists, also as additional benefits aviva for advisers.

Aviva DigiCare+ may be a non-contractual benefit Aviva can withdraw at any time.

Terms and conditions and therefore the privacy policy for Aviva DigiCare+ are often found within the app.

Aviva DigiCare+ is out there, at no additional cost, to new customers removing an Aviva personal protection policy through an adviser (excluding Simple Life Insurance). it is also available to existing customers with a Friends Life policy bought since November 2011, and every one Aviva Individual Options and Plus policies bought since January 2015, excluding Business Protection, Relevant Life, and straightforward life assurance.

To find out more and also confirm you provide your customer’s email address once they purchase a private protection policy (excluding Simple Life Insurance) so we will get in-tuned to inform all of them about the good benefits they’re entitled to from the day their policy starts.

My Aviva products

Platform and InvestmentsProtectionRetirementWorkplace pensions and benefits
On the platform you’ll find a variety of portfolios to cater for various tax and income requirements. So, whether your clients’ financial needs become simpler or more complicated over time, the Aviva Platform allows you to adapt their investments to assist fit their needs.We know you’re committed to supporting your clients, whatever life throws at them. That’s why we’re so proud to stay supporting you. Together, we will provide comprehensive personal, business and group protection products that cover them in their hour of need – and offer extra peace of mind when times are good.
Protection. It’s our lives.
A range of flexible retirement solutions for your clients, whatever stage of life they’re at. Clients can invest through our personal pensions and access their benefits with our flexible drawdown and annuity options. Plus equity release for clients looking to unlock value in their property, and lifelong care products to assist fund care costs.

We’re here to assist you build a benefits package to satisfy your clients’ and their employees’ needs. choose between our comprehensive range of workplace savings and protection options, from pensions to flexible employee benefits.
Find out moreFind out moreFind out moreFind out more

Aviva product literature.

Workplace pension for advisers

Supporting you and your clients
As a pacesetter within the UK pension market, we will provide a replacement pension scheme or switch an existing scheme quickly and simply when there’s a minimum of 5 contributing employees.

Plus, once you switch your scheme, the method is straightforward, and that we have a support team who are going to be available to assist if you would like them. Aviva for advisers.

Benefits for you and your clients
Our workplace pension gives you, your clients, and individual members a variety of advantages.

For you

Simple to modify
It’s easy to modify our scheme. Plus, our UK-based team will provide dedicated support throughout the method if you would like it
Free to found out
We don’t charge found out fees and your quote will show if there is a monthly cost for running our pension scheme
Leading pension provider
We’re a pacesetter within the UK pensions market, taking care of £250 billion of assets for our customers through long-term savings and investments

Do you have Cheap car insurance? if not, read here.

Flexible charging options
We offer initial, ongoing, or ad-hoc adviser charging options
Dedicated team
Business development managers are available to require you thru our proposition and assist you found out or switch to our scheme
For clients and scheme members. aviva for advisers.

Payroll compatibility
Our workplace pension is compatible with payroll software, making it suitable for all of your clients’ monthly needs
Over 200 funds
A default investment approach to suit the requirements of most employees, or a variety of over 200 investment for those that want more control
Easy to manage
Overall scheme management is straightforward on MyAvivaBusiness. Plus, employees can monitor and manage their pension online through MyAviva
Pension freedoms
Scheme members have full flexibility when taking their pension benefits
Clear information
Find out more about pensions and auto-enrolment, without the jargon

What are the costs?

For scheme members

Capped charges for the default investment option

For scheme members using the default investment option, the fund charge is going to be no above 0.75% a year, and that we don’t add any additional contribution charges.

For our full fund range

Over 200 funds available

For scheme members trying to find more choice, we’ve over 200 investment available. a number of these have additional charges associated.

For your client

No setup fee

We don’t charge a setup fee for our workplace pension. If there is a monthly cost for running our pension scheme, we’ll allow you to skills much it’ll be once you get a quote. aviva for advisers.

My Aviva plc news

 

References of My Aviva for advisers

  1.  “Preliminary Results 2019” (PDF). Aviva. Retrieved 5 March 2020.
  2. ^ “Our people”. Aviva. Retrieved 27 February 2020. aviva for advisers.
  3. Jump up to a b “Strategic Report” (PDF). Aviva. Archived from the original (PDF) on 24 April 2016. Retrieved 14 April 2016.
  4. ^ “Infographic” (PDF). Aviva. Archived from the original (PDF)on 16 April 2015. Retrieved 15 April 2015.
  5. ^ Gary Armstrong; Michael Harker; Philip Kotler; Ross Brennan (2009). Marketing: An Introduction. Pearson Education. p. 246. ISBN 978-0-273-71395-1. Retrieved 15 September 2012.
  6. ^ “Changing the name of the game”. The Scotsman. 3 May 2008. Retrieved 15 September 2012. aviva for advisers.
  7. ^ Ferreira-Marques, Clara (29 April 2008). “Aviva scraps Norwich Union name”. Reuters. Retrieved 15 September 2012.
  8. ^ “Aviva Heritage Events Timeline”. Aviva plc. Archived from the original on 17 September 2012. Retrieved 29 April 2011.
  9. ^ Note: taken over by Commercial Union in 1905
  10. ^ “CGU and Norwich Union merge”BBC News. 21 February 2000.
  11. ^ “About Us > Heritage”. Aviva.com. Archived from the original on 12 November 2014. Retrieved 12 November 2014.
  12. ^ “Why only Aviva’s directors will be ‘living well. London: The Telegraph. 19 March 2002. Retrieved 24 March 2012.
  13. ^ “Aviva PLC”. Archived from the original on 28 April 2013. Retrieved 26 June 2013.
  14. ^ “RAC History”. Racnews.co.uk. 31 December 2007. Archived from the original on 29 June 2009. Retrieved 17 April 2011.
  15. ^ “Aviva to acquire AmerUs for $2.9 billion”. NBCNews.com. 2006. Retrieved 8 May 2013.
  16. ^ Cockcroft, Lucy (22 December 2008). “Bruce Willis and Elle Macpherson star in £9 million Norwich Union advert”The Daily Telegraph. London. aviva for advisers.
  17. ^ NAB buys Aviva to become biggest life insurer Sydney Morning Herald, 22 June 2009
  1.  Baker, Rosie (2 October 2009). “Aviva launches first ad aimed at business”Marketing Week. Retrieved 3 November 2009.
  2. ^ “Aviva completes the sale of RAC”. aviva.com. 30 September 2011. Retrieved 6 October 2011.
  3. ^ “Capita announces purchase of Aviva UK Health”. Reed Business Information. 29 February 2012. Archived from the original on 24 June 2013. Retrieved 21 June 2013.
  4. ^ “Capita to acquire Aviva’s occupational health business”. Capita PLC. 29 February 2012. Retrieved 21 June 2013.
  5. Jump up to:a b “Insurer Aviva to cut 16 underperforming businesses”BBC News. 5 July 2012. Retrieved 30 December 2012.
  6. ^ “August 24, 2012 – Aviva to Cut Up to 800 Jobs as McFarlane Reshapes Insurer”. Bloomberg.
  7. ^ Neligan, Myles (21 December 2012). “Insurer Aviva sells U.S. unit for $1.8 billion”. Reuters. Retrieved 30 December 2012.
  8. ^ “Aviva sells US business for £1.1bn”. London: The Telegraph. 21 December 2012. Archived from the original on 23 December 2012. Retrieved 30 December 2012. aviva for advisers.
  9. ^ “Aviva USA life insurance unit to be dealt to Global Atlantic”The Des Moines Register. Archived from the original on 29 June 2013. Retrieved 15 March 2015. aviva for advisers.
  10. Jump up to:a b “Aviva and Friends Life rise in first day as a merged company”. The Telegraph. 13 April 2015. Retrieved 15 April 2015.
  11. ^ Jones, Sarah. “Second Property Fund Suspends Trades Over Brexit Fears”. Bloomberg. Retrieved 9 July 2016.
  12. ^ Treanor, Jill (5 July 2016). “Commercial property fund freeze – all you need to know”. Retrieved 9 July 2016.
  13. ^ “Challenger bank shares slump as Aviva freezes fund”. FT. 5 July 2016. Retrieved 9 July 2016.
  14. ^ “Aviva sells Italian JV to Banco BPM for 265 million euros”Reuters. 29 September 2017. Retrieved 1 October 2017.
  15. ^ Robert, Norman (13 March 2018). “Aviva makes waves”. Reuters. Retrieved 13 March 2018. aviva for advisers.

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