Aviva Share Discussion Threads

[tornado12] 10/7/2024 12:58

I agree in principle that more needs investing in UK PLC. Part of our demise in last 40 yrs is the lack UK investors/buyers investing in the UK first.... It makes sense to change this trend. As for pension funds, from my experience they dont do a great job and Ive made more with my own picks than my company DC fund.

[bhoddhisattva] 10/7/2024 11:57

Except their duty is to do the best for their customers … those whose pension contributions they’re managing … not U.K. plc

[smurfy2001] 10/7/2024 11:34

Labour should force pension funds to invest 25% of people cash in the UK.

[dope007] 10/7/2024 11:15

If already tied up within the ISA I cannot see Labour touching them. Going forward yes.

For me being close to wanting to retire my big worry is an attack on the 25% tax free lump sum combined with future ISA limits as the plan is to take the 25% and move it into ISA's taking up my wife's and mines full allocation per year to generate tax free income

[tornado12] 10/7/2024 11:05

Oh, not to forget my main residency, but I am 100% convinced they will not dare put CGT on primary homes ... otherwise riots ..

[tornado12] 10/7/2024 11:03

I have all assets inside my pension, premium bonds or ISA, if Labour target these, I have to review my strategy. I am no labour fan and have big doubts they can really hit for growth without spending cuts and better use of tax payers money. A healthy HB market is certainly a start I like to hear in the last days, but lets see what they can deliver. I think Aviva are well placed in insurance, investments and pension sector to be an important player and winner. How that really reflects in share price is anyones guess, but these should be north of 500p now !... GLA

[geckotheglorious] 10/7/2024 09:33

Far too sensible Bhodd.
Labour never learn. Politics of envy all the time.

[bhoddhisattva] 10/7/2024 09:05

Ahead of that I’ve already crystallised some capital gains to ensure current rate of CGT as I’m convinced Reeves will put up rates to match income tax.
So unfair given no indexation regardless of how long held and the money invested has already been taxed.
May reinvest in same things but at least I’ll have established a new baseline price.

Labour fail to realise (as always) that excessive taxation changes behaviour - Telegraph article says non-doms paid £9Bn tax last year - up tax on them (especially on foreign earnings) and they, as the most able to move, will move and that figure will drop massively. Laffer curve in action.

But that’s typical Labour - dogma ahead of actually maximising tax raised.

Relevance to AV is that I can see others doing the same and I expect general market weakness over next few months as more take cash out - those paying good divis may feel less downward pressure.

[geckotheglorious] 10/7/2024 08:35

BargainSniper.
Suspect Autumn statement will make such clear.

[bargainsniper] 09/7/2024 18:57

Labour will steal all our money and waste it. No tax rises for working people they promised.There is a huge tax grab coming we won't have to wait long.

[smurfy2001] 09/7/2024 17:58

GeckotheGlorious, well the Tories kept banging on about big bang what happened? In come Labour and you have £7.3bn announced and it's only been a few days. It's a good start.

[waterloo01] 09/7/2024 14:58

EU have something similar called the recovery fund, although more broad than infrastructure. Co invest and low rate. Fairly risk free for the likes of AV.

[geckotheglorious] 09/7/2024 14:32

£7.3bn Wealth fund???
Only 7.3bn...
Small fry

[smurfy2001] 09/7/2024 12:09

Guaridan.

The new chancellor Rachel Reeves is summoning City bosses to Whitehall, as she prepares to launch a promised £7.3bn national wealth fund.

Labour has been crafting the fund for months, having appointed a taskforce involving top financial figures, including former Bank of England governor Mark Carney and
Barclays boss CS Venkatakrishnan, to hash out details of an important manifesto pledge.

Aviva chief executive Amanda Blanc is among the taskforce members due to gather at the chancellor’s office at Number 11 Downing Street at midday to launch the fund, which is meant to attract £3 of private funds for every £1 of public cash, in a bid to accelerate investment in key infrastructure projects up and down the UK.

Those projects are expected to include ports, gigafactories for electric car batteries, carbon capture and hydrogen projects and steel operations

The chief executives of the UK Infrastructure Bank and British Business Bank has also been invited, as both institutions are set to play a key role in the fund, which would otherwise overlap with some of their operations. An announcement is expected in the early afternoon.

Members of Labour’s national wealth fund taskforce included:

Chair: Rhian-Mari Thomas, chief executive of the Green Finance Institute
Mark Carney, former governor of the Bank of England
Amanda Blanc, chief executive Aviva
CS Venkat, chief executive Barclays
Hugh Crossley, chief executive of Equitix
David Vickers, chief investment officer of Brunel Pension
Carol Young, chief executive of USS, the university superannuation scheme

[muscletrade] 08/7/2024 16:38

Aviva PLC (LSE:AV.) has received an upgrade from analysts at US bank Jefferies, which reckons the insurer is the best of the bunch currently.

Half-year results should show another period of solid progress versus its strategic plan, growth should come from the capital-light lines - General Insurance (GI), Wealth and Protection & Health.

“By further diversifying its earnings mix, Aviva has enhanced its ability to consistently deliver on (and exceed) its strategic plan at results day, which we expect will continue to be a theme.”

Underwriting profits [combined ratio] will continue to show signs of improvement in general insurance particularly in Personal Lines, where pricing action already taken in the UK and Canada should continue to earn through.

“Whilst rates are starting to moderate, pricing action taken over last twelve months should also support YoY top-line growth across GI.”

For 2024 overall, Jefferies has raised its EPS estimates by 3%, largely driven by UK&I Insurance, Wealth and Retirement.

Buy with a 525p price target remains the view

[milliecusto] 06/7/2024 07:38

Needs a retrace to be more attractive

[p0pper] 06/7/2024 07:04

FFS do we really need more regulations, with this and I was watching an interview with Starmer a couple of weeks ago and him saying windfall tax the big energy companies it's no wonder people don't want to invest in the U.K.

hxxps://www.internationalaccountingbulletin.com/news/the-impact-on-the-uks-financial-services-sector-after-labours-election-victory/?cf-view

[yump] 05/7/2024 19:59

Nicer to beat inflation though, so IF this period is a chance to get 7-8% and also get say a 20% capital gain in two years, that seems a good risk/reward.

AV not exactly at a low though.

[hallucinogenix] 05/7/2024 12:46

I'm personally happy with high interest rates. Share prices performing ok...ish with dividend income for long term investors, and savings at 5-5.5% fixed for a few years very nice indeed.

Interest rates will probably come down in September and slowly decrease over the following year.

But totally understand we all have different views and investments which probably isn't good for those wanting to make a quick buck.

[tornado12] 04/7/2024 06:42

One reason the FTSE still under performs vs peers by some margin. We need interest rates to drop and encourage our pension funds to invest (smartly) in U.K. pLC. Just hope Labour do not create any big chaos , but guess there’s little hope of that ! Unfortunately for me I have 4 yrs left to work , under the dark clouds of Labour. GLA

[smurfy2001] 03/7/2024 23:06

ISA savers put away record amount amid concern taxes will rise whoever wins election
Savers transferred £4.2bn extra into cash ISAs in May, according to new figures from the Bank of England - a record for the month.

hxxps://news.sky.com/story/money-blog-personal-finance-consumer-sky-news-latest-13040934

[skinny] 03/7/2024 18:07

Isn't that Income/Capital gains tax.......

[yump] 03/7/2024 17:55

People expect government to sort the economy out, but its in our own hands.

Amazon take 30% of all UK online sales. They take 15%+ from each company listing. That's for the 'service' of being top of the Google results because of their scale. Small businesses just can't appear, without paying Google per click to appear as 'sponsored'.

So where's the government campaign to get us all to spend a bit more time, find the UK businesses that are losing margin and buy from their websites direct.

I know, I know, that would be an awful inconvenience and it would mean admitting that we've shafted ourselves.

You can find lots of nice little businesses on Etsy. Oh, hang on that's another US owned business taking a cut from all our small businesses.

Its all happened very gradually and we just carry on regardless.

Where's the campaign to keep our own money in our own country ?

[gbh2] 03/7/2024 15:39

Oddly enough I read recently that the majority of the MPs pension fund is invested outside of the UK stock market.