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Aviva Share News (AV.)

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Share Price: 477.60

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IN BRIEF: Aviva expects to capitalise from growth in UK wealth market

Tue, 17th Oct 2023 08:58

Aviva PLC - London-based investor - Ahead of investor and analyst briefing for its Wealth division on Tuesday morning, says the UK's wealth market is set to nearly triple to GBP4.3 trillion in the next 10 years and expects to capitalise on this trend. Says Wealth division has 5 million customers, which "provides a major opportunity to deepen customer relationships, grow [its] leading retirement businesses and generate additional flows to Aviva investors]." Adds it is expanding its direct wealth capabilities to "take full advantage of the significant opportunities" in its UK customer base.

Current stock price: 410.90 pence, down 0.3%

12-month change: up 2.0%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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