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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Sunday 02 November 2008
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.
Wednesday 22 October 2008
Saturday 02 August 2008
Thursday 31 July 2008
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.
Wednesday 30 July 2008
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.
Sunday 13 July 2008
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.
Saturday 21 June 2008
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.
Tuesday 17 June 2008
Britain's biggest insurer Norwich Union has withdrawn one of its flagship car insurance policies less than two years after its launch.
Sunday 15 June 2008
Saturday 14 June 2008
Q. Ever since typing my name into Google out of idle curiosity, I have been receiving emails from it demanding money or it will stop my ads. I do not have any ads, but its emails are non-reply and attempts to contact it are ignored. When I am abroad, accessing these emails costs me money. Help! SP, Guildford
Saturday 07 June 2008
Aviva is cutting up to 1,800 British jobs at its Norwich Union business as it seeks to streamline its general insurance operations. Britain's biggest insurer will cut the administration jobs by 2010 as it slashes its customer service and back office centres for general insurance from 22 to seven.
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