IN BRIEF: Aviva aims for GBP500 million in annual profit from Wealth
Aviva PLC - London-based insurer and asset manager operating in UK, Ireland and Canada - Chief Executive Officer Amanda Blanc hosts an investor and analyst event on Friday focused on the Wealth business. Aviva says it is on track for its GBP280 million annual profit goal in the Wealth arm next year, and further ahead, it sees this growing to GBP500 million. Aviva's Wealth arm includes workplace pensions and advised and direct investments. "The UK wealth market is a major growth opportunity and central to Aviva's long-term strategy," it says. Aviva sees the UK wealth market growing at more than 10% per year, a forecast based on industry research. Read More