Aviva eyes 120 job losses November 29, 2012 Insurer Aviva said yesterday it would shed about 120 jobs as it merges its dedicated property claims service into its existing claims centres. The staff affected are based in Sheffield, where Aviva’s Asprea property claims management service is headquartered, the insurer said in an emailed statement yesterday. Aviva is cutting costs and selling under-performing businesses [...]
Aviva disposes of US operations in £1.1bn deal December 21, 2012 Insurer Aviva today said it had agreed to sell its US operations for $1.8bn (£1.1bn). Britain’s number two insurer, which will dispose of its US operations to Athene Holding, will retain its US asset management operations. The sale forms part of an overhaul launched by Aviva in July to offload 16 businesses aimed at bolstering [...]
Standard Life hits record sales due to asset management arm August 8, 2013 SCOTTISH insurer Standard Life yesterday reported record new business sales, largely thanks to a strong performance by its fund management division. Pre-tax operating profits rose six per cent to £304m for the first half of 2013, with a substantial jump in the number of customers joining the company through corporate pension schemes. “Standard Life Investments [...]
How to spot the pension fund dogs October 22, 2013 A new report finds that £31bn is sat in poor performing funds WITH annual and lifetime allowances for attracting tax relief at £50,000 and £1.5m respectively (due to fall to £40,000 and £1.25m in 2014-2015), pensions are the most tax-efficient way to save for retirement. But with over £30bn of pension savings languishing in under-achieving [...]
City Moves for 2 September 2013 | Who’s switching jobs September 1, 2013 Stonehage The wealth management and advisory services company has announced the appointment of Simon Clark as managing director of group services. Clark was most recently at ACPI, where he was chief operating officer. Prior to that, he was chief financial officer at Heartwood, and he has previously held various roles at RBS Financial Markets, Greenwich [...]
What the other papers say this morning – 30 September 2013 September 29, 2013 FINANCIAL TIMES CLO issuance hits pre-crisis level Sales of sliced-and-diced corporate loans have reached a fresh post-crisis record as investors clamour for higher returns from the structured financial products. A spurt in sales last week has helped push US issuance of so-called “collateralised loan obligations” so far this year to at least $55.41bn, according to [...]
City Moves for 28 August 2013 | Who’s switching jobs August 27, 2013 Kleinwort Benson The private bank and wealth manager has appointed Joakim Gasslander as senior private banker in its private wealth management team. Based in London, he was previously senior private banker at Lloyds Private Banking. Gasslander has also held roles at Gadd & Co and SEB Private Bank in Stockholm, and has particular experience advising [...]
City Moves for 14 August 2013 | Who’s switching jobs August 13, 2013 Aviva Investors The asset management business has announced the appointment of Sunita Kara as portfolio manager for European high yield. Kara has over 14 years’ experience in the investment industry. She was most recently at Baring Asset Management, where she was global high yield portfolio manager. Prior to that, she was a senior credit analyst [...]
City Moves for 22 August 2013 | Who’s switching jobs August 21, 2013 Squire Sanders The law firm has announced the appointment of Mark Thomas as a partner in its financial services practice group. Thomas specialises in structured finance and capital markets. He was most recently at Addleshaw Goddard, where he was head of structured finance. PwC The professional services firm has hired Charlie McMurdie as senior crime [...]
England’s lofty ambitions to be brought down to earth by Moldova September 5, 2013 BEN CLEMINSON LOOKS AT ENGLAND’S GAME AGAINST MOLDOVA AND WILLIAM CHRIMES PREVIEWS THE AVIVA PREMIERSHIP AND LONDON DOUBLE HEADER IF THE long-term ambition of England, as set out by Greg Dyke, is to lift the World Cup in 2022, their short-term one looks far more achievable. Even with the new Football Association chairman’s dire warnings [...]