Aviva Investors chief executive Euan Munro has demonstrated his ambitions for the business with a raid of the equities team at Aberdeen Standard Investments, the merged entity of his former employer Standard Life Investments (SLI).
Franklin Templeton Investments has hired a manager who exited Aviva Investors as part of its multi-asset restructure.
Aviva Investors’ Paul Parascandalo and Thomas Wells believe the UK brings little to the global party while there is everything to play for in the emerging markets and US sectors.
While the AIMS Target Return Fund has delivered its volatility pledge, barely budging in reaction to China growth fears in 2015 and 2016, or to Brexit and the election of Donald Trump as president of the US, it has missed its return target by a significant amount.
Aviva Investors’ Richard Rainback has left the business and joined Allfunds Bank as a fund analyst.
Aviva has been forced to issue another apology to advisers after they were wrongly sent a notification that the value of their clients’ portfolios had dropped by more than 10%.
Aviva has apologised for its platform, which has been a source of ongoing frustration for advisers since it was updated three months ago.
The Financial Conduct Authority (FCA) has agreed to review the preference share market following investor backlash from the Aviva “debacle,” which saw the insurer backtrack on its plans to cancel preference shares at par value.
Aviva Investors has poached Standard Life Investments’ head of continental European real estate to head up its UK real estate division.
Aviva Investors has moved neutral on the US and overweight on emerging market (EM) equities, debt and currency as it predicts eight rate rises from the Federal Reserve in 2018 and 2019.
The Financial Conduct Authority has been urged to take a hard line on the “very obvious loophole” in the regulation of preference shares to avoid a repeat of the Aviva episode and restore market stability, says a prominent financial campaigner.
The Financial Conduct Authority is to probe insurance giant Aviva over whether its plan to cancel £450m of preference shares was market abuse.
