Aviva Share Discussion Threads

[eurofox] 31/1/2020 18:49

lets hope the depressed prices stay around until ISA top-up time

[coxsmn] 31/1/2020 17:29

Better off purchasing shares in AV. than buying an annuity. Get a higher yield and from year one imho

[whatsup32] 31/1/2020 15:20

Danielbird193 .
Most are sold pension plans they don’t understand, if they did they wouldn’t buy them. What with commissions taken out , running costs and risks involved .

I have seen many friends lose much of their contribution and one had a terrible time closing his pension plan and taking his money out , even at a huge lost.

You’re better of saving your money and buying shares with dividend reinvested . It’s not that difficult

[danielbird193] 31/1/2020 13:02

I tend to agree with you eeza, particularly on the second point. Most people lack even a basic understanding of the pension system and the investment options. At the same time the State has pushed more and more responsibility for retirement planning onto the individual. It's a ticking time bomb.

[eeza] 31/1/2020 12:09

Disaster. Most has been frittered away with the expectation the State will come to the rescue, if needed. But demographics suggest the opposite.

Also Auto-Enrollment is seen as the panacea but in the gig economy it means didly squat.

[alphorn] 31/1/2020 11:48

I wonder what impact that process has in store in the coming years?

[spud] 31/1/2020 11:33

Today’s official figures report that £32.97 billion of taxable payments have been taken from pensions since freedom and choice was introduced. This equates to an average of £18.75 million being flexibly withdrawn every day over the past 1,760 days since pension freedoms were introduced.

Alistair McQueen, Head of Savings and Retirement at Aviva comments:

“The pension freedoms continue to break records, exceeding expectations, as 1.34 million individuals have so far decided to take advantage of their greater flexibilities.

“However, the peak for pension freedoms are yet to come. In the coming decade a record nine million people are set to enter the arena of the pension freedoms at age 55.2 This is more than we can expect to see in any decade that follows. The 2020s are likely to see “peak pension freedoms”.

spud

[gateside] 30/1/2020 12:57

Ex Div on 11th April, last year

[jasp3] 30/1/2020 12:40

Coxsmn- how are you calculating that valueHealthy dividend should help, especially as we get close to ex-dividend date, which I think is start of April. But until then.....!

[coxsmn] 30/1/2020 12:22

imho we should be sitting around £5 a share here so current share price represents good value and gives the opportunity to lock in a high yield.

[skinny] 29/1/2020 13:34

I just checked and having bought and sold these several times in the distant past, the last lot I bought were in 2011 @424.26 - I sold half in 2014 @454.11.

I'd be quite happy with either of those 2 figures now in 2020!

[diggybee] 29/1/2020 13:17

This is surely interesting here? Peers doing well. Decent increasing divvy. Stuff to restructure should they have the gumption. Downside can't be yawning abyss-like at ~7-8% yield and upside could be 20-25% in capital appreciation without including the income stream?

[jasp3] 29/1/2020 13:12

That's spud !I'm new to this board - appreciate your postsJ

[spud] 29/1/2020 11:43

Aviva and Co-op cooking up £1 billion deal – report
by Terry Gangcuangco 29 Jan 2020



Aviva and Co-op cooking up £1 billion deal – report
The Co-op Group – the name behind Co-op Insurance – is finalising a pension risk transfer deal with Aviva, according to Sky News.

A report by the news network said Co-op is close to offloading about £1 billion worth of the mutual’s £8 billion PACE pension scheme to British insurance giant Aviva, which earlier this month was also cited as being in advanced talks with department store chain Debenhams for its executive pension plan.

One of the largest consumer co-operatives in the world, Co-op is not only a major general insurer but also the fifth biggest food retailer in the UK and the country’s leading funeral services provider. Its agreement with Aviva could be announced as early as today, revealed Sky News sources.

Meanwhile it was noted that Co-op is also securing a transaction with Pension Insurance Corporation for another £1 billion chunk of the abovementioned pension scheme.

spud

[imagining] 28/1/2020 09:20

Are you taking the Michael? Lol

[eeza] 28/1/2020 07:39

Personalisation is very good - as long as they manage to get your name right !!

[p0pper] 28/1/2020 07:29

hxxps://www.insurancetimes.co.uk/news/aviva-plans-to-cut-personal-lines-products-from-400-to-40/1432356.article

[danielbird193] 26/1/2020 10:47

Maurice certainly needs a boot up the jacksie. Don't know if getting rid of him entirely would be very productive at this point.

[dr biotech] 26/1/2020 10:14

Looks like more of the same.

[eeza] 24/1/2020 19:23

Give him Tulloch's job.
Tulloch's a large (useless & inefficient) expense.

[whatsup32] 24/1/2020 18:45

coxsmn.... hoping you picked a winner

[coxsmn] 24/1/2020 16:22

Spud, i've joined you in the AV club, steady earner with great yield. share price might even break upwards over time.

[danielbird193] 24/1/2020 13:22

Sounds like he's got a firm grip on what's important for the future of this company. Encouraging stuff! Lets hope Maurice and the other top brass are similarly focused.

[whatsup32] 24/1/2020 13:13

Thanks spud, you keep this board alive

[spud] 24/1/2020 11:45

Aviva confirms more job losses in bid to hit £300m reduction in expenses
By Katie Scott 24 January 2020

Colm Holmes additionally aims to cut 400 personal line products to 40



Aviva’s chief executive for general insurance, Colm Holmes, confirmed that “there will be job cuts” as the business aims to slash £300m in expenses a year by 2022.

The business announced its efficiency drive during an investor presentation in June last year; this was also when the firm initially planned that GI would be managed separately from its life insurance arm in the UK. This proposal has since been vetoed by the Aviva’s chief executive Maurice Tulloch.

Holmes told Insurance Times this month, however, that Aviva’s GI division is “ahead of the targets that we set ourselves” in terms of cutting costs, although Holmes would not reveal year-end data.

He added: “There will be job cuts as we bring the businesses back together and we have one commercial and one personal lines business now within GI, so we’ve eliminated duplication, we’ve eliminated overlaps, we’re eliminating handoffs. I very much believe in simple, end-to-end structures.”

Also within Holmes’s cross hairs is Aviva’s personal lines products – currently sitting at 400, Holmes wants to minimise the product range to 40.

“We don’t need 400 products, so we’ve got [to] simplify the business,” he said. “We’ll take out huge amounts of unnecessary administration that’s been created surrounding this, allow us to take out excessive numbers of applications, shut down a number of platforms.

“A lot of the expense save won’t come at the expense of [the] front line. These are efficiency saves we’re putting in place. It’ll make our business a better business.”

Cost cutting

Holmes added that a lot of expense has been reduced purely because of project resolutions, where new platforms, such as My Aviva, have been launched, or where internal IT projects have been completed. “There’s natural reduction in expense that comes from that,” he continued.

Furthermore, Aviva has eliminated its spend on consultants and reduced the amount it invests in its digital garage.

“I certainly have my own views on how GI will be run and I will implement them - I’m very determined around efficiency and ensuring that we minimise costs, we deliver transparent, simple products that customers understand and want and we deliver that at a very competitive price,” Holmes said.

“Price is important, so we will be extremely financiallly disciplined around how we run our business. We will chase waste out of the system everywhere we see it. I’m not a fan of duplication. As I say to most of my people, if you’re not working at the front line dealing with our brokers, our strategic partners or our customers, you’re an expense. Your role is to support those people. I want all my people looking to the front of the business not looking to the management at the top. Our role is purely to support the front line and that’s very much how we’re structured, how we’re organised and it’s very clear.”

spud