Aviva commences £300m share buyback scheme amid 2022 results

AUM decreased by £45bn in 2022

Eve Maddock-Jones
clock • 1 min read

Aviva has rolled out a £300m share buyback programme starting tomorrow (10 March), the firm revealed in its annual results.

In the report, Aviva said that given its "strong capital position and prospects", it was able to initiate the scheme, adding it still preferred to "return surplus capital regularly and sustainably". An LSE notice showed the agreement is being brokered by Citigroup Global Markets and is expected to be completed by 30 June. Other top line results for the firm were positive, as group's CEO Amanda Blanc noted, describing the firm as making "excellent progress". The Big Question: 12 female investors on the outlook for recession in 2023 and how to allocate for it Solvency II operating...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Companies

Ninety One takes charge of £17.4bn Sanlam IM mandate

Ninety One takes charge of £17.4bn Sanlam IM mandate

Agreement for 15-year partnership

Linus Uhlig
clock 20 November 2024 • 2 min read
Baillie Gifford withdraws from Climate Action 100+ and Net Zero Asset Managers initiative

Baillie Gifford withdraws from Climate Action 100+ and Net Zero Asset Managers initiative

'Distracting from our core responsibilities'

Sorin-Andrei Dojan
clock 18 November 2024 • 1 min read
Legal & General to cut jobs in revamped asset management arm

Legal & General to cut jobs in revamped asset management arm

Part of restructuring

Linus Uhlig
clock 18 November 2024 • 1 min read
Trustpilot