Aviva Investors' operating profits tumble 11% on lower fee income

clock • 2 min read

Aviva Investors' operating profits fell by 11% from £96m to £85m over the course of 2020 due to "lower fee income" over the year, according to the firm. In its annual results statement, the firm also revealed its revenue decreased by 5% from £542m to £515m, which it said was the result of both lower contribution from securities lending and clients de-risking - with lower demand for alternative strategies generally - and their asset allocation decisions leading to lower margins. This is ...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login