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Aviva looks to save £400m and exit large-scale bulk annuity arm

Life company Aviva has announced plans to reduce costs by £400 million by the end of 2013 and is looking to exit up to 16 underperforming divisions, including its UK-based large scale bulk purchase annuity business, and cut a number of middle management positions.

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© 2013 Citywire.co.uk. All Rights Reserved.
Citywire Financial Publishers Ltd. is authorised and regulated by the Financial Services
Authority no: 222178 to provide investment advice and is bound by its rules.