Aviva boss steps down amid criticism over €1.2m pay

Andrew Moss has stepped down as chief executive of insurance and pensions giant Aviva — just days after shareholders revolted against executive pay levels at the group.

His move follows the group’s AGM last Thursday, during which nearly 60% of shareholders voted against its executive remuneration plan; despite Mr Moss waiving a pay rise which would have taken his earnings to over £1m (€1.2m).

Aviva’s share price has fallen by 60% since Mr Moss took the helm almost five years ago.