Aviva has said it expects its acquisition of rival Friends Life to generate extra revenue of £600m over the next two years, including and cost savings for the company of £225m.
The cost of launching new fund ranges and boosting distribution left Aviva Investors with flat performance in 2014, as the firm said its wider turnaround is far from completion.
The Financial Conduct Authority (FCA) has fined Aviva Investors £17.6m for failings in how it managed conflicts of interest.
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Ian Aylward has cut Aviva Investors' multi-manager exposure to US equities to an underweight position for the first time since 2011, fearing the stocks are deeply over valued.
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Aviva Investors' David Hillier has joined Insight as part of its multi-asset team.
Standard Life Investments' Louise Kay is to join Aviva Investors as global head of sales, as Euan Munro poaches another former SLI colleague.
Aviva Investors is set to merge Chris Murphy's UK Income & Growth fund into his UK Equity Income portfolio, subject to shareholder approval.