Aviva Investors in spotlight as insurer makes £681m loss

Aviva has vowed to turn around the performance of its struggling funds business - Aviva Investors - after operating profits fell 13% year on year.

Aviva Investors saw profits fall to £34m, down from £39m, although funds under management at the asset manager rose from £263bn to £274bn in the last six months. Aviva has responded by vowing to tackle performance at its investment arm. "A programme is underway to improve the financial performance of this business," it said. Aviva Investors has had a torrid year, with its former chief executive Alain Dromer leaving, alongside a number of other well known executives. It has also closed a number of funds, including its Absolute Tactical Asset Allocation range. At the start of t...