Aviva has announced its business plans in the first major update since Maurice Tulloch took over as chief executive officer in March.
The insurance giant announced it had "simplified" Aviva following a review of the group strategy and business, with investments, savings and retirement grouped together as one of five operating divisions where it expects to generate growth. The other divisions comprise: UK life; general insurance; Europe life and Asia life. The insurer has pledged £1.3bn to investing in "sustainable growth" over the next three years "to transform Aviva into a simpler, stronger and better business" as one of its key three strategic priorities and hopes to generate group operating capital of £7.5bn for ...
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