Aviva reports best quarter for UK savings

Insurance giant Aviva smashed sales expectations today after its Norwich Union arm recorded its best-ever quarter for new long-term savings business.

The group said sales from life and pensions new business rose 20% to £6.79bn (€9.7bn) in the first three months of the year, well ahead of the best market estimates for a figure of £6.24bn (€8.9bn).