Aviva

SPECIAL REPORT

Andrew Moss, the chief executive officer of insurance giant Aviva, is leaving the group.

Insurance firm Aviva has suffered an embarassing blow after more than half its shareholders voted against its proposals on executive pay at its annual general meeting today.

Aviva Investors has seen yet another high profile departure as upheaval continues within the insurer's asset management arm.

Cash positions across bond funds are creeping up as managers struggle to maintain liquidity in an environment of restricted bank lending.

Operating profits at Aviva Investors have tumbled 9% ahead of a planned scale back in distribution to retail investors.

ETHICAL

Industry figures have told MPs they fear "turf wars" breaking out between different regulatory bodies, and called for the Financial Conduct Authority (FCA) to be more accountable.

Managers have attacked the UK initial public offering (IPO) market, branding it as ‘broken', ‘dysfunctional' and ‘dead', following a summer of delays and cancellations.

Ex-Henderson manager Trevor Green has revamped the £128m Aviva Investors UK Focus fund since he took it over from Mervyn Douglas in May this year.