RSA takeover set to complete by end of May & more…Keep up with what has been happening this week in our latest insurance news round-up…
Aviva has launched Investment Advice, as part of its Aviva Financial Advice (AFA) service for clients. Customers are now able to request advice on investments, in addition to the current advice offered by Aviva on pensions, annuities and DB transfers.
Marsh released their Global Commerical Insurance Pricing Index which shows that global commercial insurance prices increased by 18% in the first quarter in 2021. The quarter is the first to show a fall in the average rate of increase since the index reported the first rise in global rates in Q4 2017. It follows year-on-year average increases of 22% in the fourth quarter and 20% in the third quarter of 2020.
According new research from Legal & General Retail Retirement, over 1 million workers over the age of 50 are now saving less than they did before the Covid-19 pandemic with some workers expected to reduce their pension contributions.
As the deal with Intact and Tryg receives regulatory approvals, group chief exec says the business ‘has never been in better shape’, despite paying more than £45m for BI-related Covid claims.