Aviva confident of overcoming turbulence

Norwich Union parent Aviva today reported falling first quarter sales in its UK division, but said stronger growth in the United States and Asia-Pacific regions helped offset the tough domestic market.

The group posted a 5% increase in worldwide life and pension sales to £8.17bn (€10.3bn), despite a 3% drop in UK new business, at £2.77bn (€3.5bn).