Aviva appointed internal candidate Maurice Tulloch as its new chief executive after a lengthy selection process, a choice which analysts say could herald change at Britain’s second-biggest insurer.
Aviva chief executive Mark Wilson’s take-home pay more than doubled to £5.67m (€7.2m) last year, after the purchase of rival Friends Life, the British insurer’s annual report showed yesterday.
British insurer Aviva said yesterday it may cut 1,500 jobs by the end of 2017 from a total workforce of 31,500 following its planned £5.6bn (€7.3bn) acquisition of rival Friends Life.
The London market ended the week in the red after a downbeat note on housebuilding and as oil prices began falling again.
Insurance giant Aviva is to buy rival Friends Life in a deal worth £5.2bn.
Huge numbers of workers are hiding mental health conditions from their employers because they fear it will affect their job, according to a new report.
Lloyds Banking Group is under mounting pressure to provide an update on the leadership vacuum created by the absence of its chief executive, it was claimed today.
A UK survey has found that most 16- to 19-year-olds expect to have to do unpaid work experience to secure a decent job.
The finance boss who helped steer Lloyds Banking Group through the aftermath of its HBOS acquisition in 2008 announced plans to quit the firm today.
The London market ended slightly higher as lower oil prices hit the energy sector and overshadowed a strong session for UK insurers.
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