News

Aviva has been forced to set aside almost £100m after two former workers in its fund management arm breached its trading policy.   

Janet Street-Porter: Pure delusion. It's an open and shut case

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.

Aviva abandons £1bn policyholder payout after stock markets slide

Talks to continue with customers over distribution of inherited estate

Jeremy Warner: Another Aviva disappointment

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.

David Prosser: More property investors get bricked in

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.

Mary Dejevsky: Aviva? That's a very risky name change

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.

Credit Crisis Diary: Goodbye Norwich Union, hello Bruce Willis

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.

DJ Taylor: A Word to the wise

Celebrities please note: just because you're famous for being good at one thing, it doesn't mean you have anything new or wonderful to say about anything else

Worried about redundancy? Better buy insurance soon

Some insurers may be poised to stop offering new unemployment insurance policies, fearing that more people will soon be making claims. Unemployment cover pays an income if the policyholder is made redundant. The idea is that the policy pays enough for the claimant to live off until they find a new job. It differs from payment protection insurance, which only pays enough to cover a specific loan or credit card debt.

Investors face a vicious circle of penalties if they withdraw their cash

Investors in with-profits funds have been warned of a "vicious circle" of bonus cuts and penalties should they choose to withdraw their money.

Doctors accused of skimming health funds

Insurer says 'tens of millions' falsely claimed

Christina Patterson: It's not isolation in old age that worries me

We may be lonely, miserable and scavenging in skips, but we won't be bored – because we'll be working

Aviva to pay out £1bn in inherited estate funds

Aviva has offered £1bn to buy out 1.1 million policyholders in two of its funds, bringing to an end a two-year battle with the policyholders' advocate, Clare Spottiswoode.

Offer to Norwich Union life policyholders

Payments averaging £1,000 are to be offered to one million policyholders in two of Norwich Union Life's with-profit funds, insurer Aviva said today.

Your pension pot is going to waist

The size of your waistline could dictate the size of your pension payout if plans from Legal & General, Britain's biggest annuity provider, come to fruition.

Questions Of Cash: IT chaos causes misery for NU customers</I>

Q. I have a similar problem with Norwich Union to that of RS (Questions of Cash, 31 May). My policy matured on 1 May, yet despite all documentation being on time, I heard nothing from NU. I phoned NU on 10 May and it said it had a backlog. It says the only compensation I will get is interest at 3.75 per cent gross – well below the rate of funds on deposit. Eventually I received the payment, but without any explanation for the delay. KR, by email.

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Prices correct as of 28 November 2014
Homeless Veterans Christmas Appeal: ‘We give them hope. They come to us when no one else can help’

Christmas Appeal

Meet the charity giving homeless veterans hope – and who they turn to when no one else can help
Should doctors and patients learn to plan humane, happier endings rather than trying to prolong life?

Is it always right to try to prolong life?

Most of us would prefer to die in our own beds, with our families beside us. But, as a GP, Margaret McCartney sees too many end their days in a medicalised battle
Thomas Cook's outgoing boss Harriet Green got by on four hours sleep a night - is that what it takes for women to get to the top?

What does it take for women to get to the top?

Thomas Cook's outgoing boss Harriet Green got by on four hours sleep a night and told women they had to do more if they wanted to get on
Christmas jumper craze: Inside the UK factory behind this year's multicultural must-have

Knitting pretty: British Christmas Jumpers

Simmy Richman visits Jack Masters, the company behind this year's multicultural must-have
French chefs have launched a campaign to end violence in kitchens - should British restaurants follow suit?

French chefs campaign against bullying

A group of top chefs signed a manifesto against violence in kitchens following the sacking of a chef at a Paris restaurant for scalding his kitchen assistant with a white-hot spoon
Radio 4 to broadcast 10-hour War and Peace on New Year's Day as Controller warns of cuts

Just what you need on a New Year hangover...

Radio 4 to broadcast 10-hour adaptation of War and Peace on first day of 2015
Cuba set to stage its first US musical in 50 years

Cuba to stage first US musical in 50 years

Claire Allfree finds out if the new production of Rent will hit the right note in Havana
Christmas 2014: 10 best educational toys

Learn and play: 10 best educational toys

Of course you want them to have fun, but even better if they can learn at the same time
Paul Scholes column: I like Brendan Rodgers as a manager but Liverpool seem to be going backwards not forwards this season

Paul Scholes column

I like Brendan Rodgers as a manager but Liverpool seem to be going backwards not forwards this season
Lewis Moody column: Stuart Lancaster has made all the right calls – now England must deliver

Lewis Moody: Lancaster has made all the right calls – now England must deliver

So what must the red-rose do differently? They have to take the points on offer 
Cameron, Miliband and Clegg join forces for Homeless Veterans campaign

Cameron, Miliband and Clegg join forces for Homeless Veterans campaign

It's in all our interests to look after servicemen and women who fall on hard times, say party leaders
Millionaire Sol Campbell wades into wealthy backlash against Labour's mansion tax

Sol Campbell cries foul at Labour's mansion tax

The former England defender joins Myleene Klass, Griff Rhys Jones and Melvyn Bragg in criticising proposals
Nicolas Sarkozy returns: The ex-President is preparing to fight for the leadership of France's main opposition party – but will he win big enough?

Sarkozy returns

The ex-President is preparing to fight for the leadership of France's main opposition party – but will he win big enough?
Is the criticism of Ed Miliband a coded form of anti-Semitism?

Is the criticism of Miliband anti-Semitic?

Attacks on the Labour leader have coalesced around a sense that he is different, weird, a man apart. But is the criticism more sinister?
Ouija boards are the must-have gift this Christmas, fuelled by a schlock horror film

Ouija boards are the must-have festive gift

Simon Usborne explores the appeal - and mysteries - of a century-old parlour game