Aviva PLC (AV.L)
9 Dec 2016
Latest Key Developments (Source: Significant Developments)
UK's Financial Conduct Authority (FCA): FCA fines Aviva Pension Trustees UK Limited and Aviva Wrap UK Limited 8.2 mln stg for client money and assets failings . Aviva breached FCA's Client Assets Sourcebook (CASS) rules and requirements between Jan 1, 2013 and Sept 2, 2015 . During period Aviva failed to put in place appropriate controls over third party administrators . Also found deficiencies with Aviva's internal reconciliation process which resulted in under- and over-segregation of client money . During period from Feb 10, 2014 to Feb 9, 2015 under-segregation peaked at 74.4 mln stg Link to full text: (http://bit.ly/2dJeGUP) Further company coverage: [AV.L] (Bengaluru Newsroom: +91 806 749 1136). Full Article
Aviva plc:Says that an interim dividend of 6.75p was announced on Aug. 6, 2015.The dividend payment date is Nov. 17, 2015 for ordinary shareholder on the Register of Members on Oct. 9, 2015.Says ADR ex-dividend date is Oct. 7, 2015.The dividend payment date for ADR holders is Nov. 23, 2015. Full Article
Aviva plc:Says proposed acquisition approved by Prudential Regulation Authority (PRA) and the Financial Conduct Authority.Says on Dec. 02, 2014, Friends Life and Aviva announced that they had reached agreement on the terms of a recommended all-share acquisition of the entire issued and to be issued ordinary share capital of Friends Life by Aviva (Proposed Acquisition) to be implemented.Friends Life and Aviva announce that, pursuant to Part XII of the Financial Services and Markets Act 2000 (as amended) (FSMA), the PRA has approved acquisition of control by Aviva of Friends Life Group entities authorised by the PRA and regulated by the PRA and the FCA.Pursuant to Part XII of FSMA, FCA has also approved the acquisition of control by Aviva of the Friends Life Group entities authorised and regulated by the FCA.Whilst all required regulatory approvals have now been received, the Proposed Acquisition remains subject to the satisfaction or waiver (if capable of waiver) of the remaining Conditions set out in the scheme document in relation to the Scheme dated Jan. 19. Full Article
Aviva PLC:Proposes Acquisition unconditionally cleared by European Commission.On Dec. 02, 2014 Friends Life and Aviva announced that they had reached agreement on terms of a recommended all-share acquisition of the entire issued and to be issued ordinary share capital of Friends Life by Aviva to be implemented by way of a court-sanctioned scheme of arrangement.Friends Life and Aviva announces that, earlier, the European Commission confirmed that, following its phase I review, it has unconditionally cleared the Proposed Acquisition.Proposed Acquisition remains subject to the satisfaction or waiver (if capable of waiver) of the remaining Conditions set out in the scheme document in relation to the Scheme dated Jan. 19. Full Article
LONDON, Nov 23 Aviva Investors, the fund arm of insurer Aviva, said on Wednesday it would resume dealing in its Property Trust on Dec. 15, more than five months after trade was suspended in the wake of Britain's vote to leave the European Union.