Aviva Investors UK profits hit in 2008

Aviva Investors UK profits dropped from £70m in 2007 to £64m in 2008 as investment income declined, ...

Aviva Investors UK profits dropped from £70m in 2007 to £64m in 2008 as investment income declined, according to the group. However, the fall was partly offset by strong performance fees and higher returns on stock-lending activities. Parent company Aviva's full-year results, published today, reveal UK life and pensions sales climbed 1%, but dour investment markets hit NU's with-profits fund and its investors. NU significantly altered the investment weighting of its with-profits fund in 2008, with equity exposure falling from 37% to 24% over the course of last year. The fund has see...