Aviva chairman John McFarlane has fended off demands from shareholders for a five-year pay freeze and calls for the head of the insurer's remuneration committee.
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Saturday 18 April 2009
Wednesday 01 April 2009
Shares in the parent company of Southampton Football Club were suspended today after the business failed to secure additional funds ahead of a 31 March deadline.
Tuesday 24 February 2009
Wednesday 11 February 2009
It's the way of the world we live in. The man leading the inquiry into bankers' bonuses turns out to have been the chairman of a bank – and to have received bonuses. The people running an investigation into why the House of Commons is composed of such a narrow section of the population – predominately white, male and middle class – just happen to be MPs.
Thursday 05 February 2009
Thursday 05 February 2009
Outlook Norwich Union has spent a packet trying to convince us that it makes sense to change its name to that of its parent company Aviva. Now it proposes to slash the windfall that with-profits policyholders were to have got from the inherited estate. Aviva, Norwich Union, it matters not to downtrodden life fund investors. Every statement seems to bring more bad news.
Wednesday 28 January 2009
Outlook Standard Life's announcement of withdrawal restrictions for more than 200,000 savers in its commercial property funds is yet another blow to those who thought bricks and mortar would prove a golden goose. Add in savers at Norwich Union, which announced a similar move earlier this month, and close to half a million people have just been told they can't have their money back without big delays.
Friday 16 January 2009
When we first took out home insurance with Norwich Union, about eight years ago, I remember being put through to a homely sounding switchboard in Sheffield – its address was only a matter of yards from the city's old Playhouse where I used to spend many an entertaining evening in my teens. All right, so the company was quite far away from Norwich even then, but it was somewhere and something with an identity and an identifiable place in a familiar world.
Monday 29 December 2008
There's no faulting insurer Aviva for the list of celebrities it has signed up to promote an ad campaign designed to explain why it is dropping the Norwich Union brand. It includes Bruce Willis, below, Ringo Starr, Alice Cooper and even Dame Edna Everage, all explaining why they once changed their name. There can't have been much change out of Aviva's £10m marketing budget once that lot were paid their fees.
Sunday 30 November 2008
Sunday 02 November 2008
Investors in with-profits funds have been warned of a "vicious circle" of bonus cuts and penalties should they choose to withdraw their money.
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