Asia Pacific – Australia

Current position

Ranked first for retail standalone new business in the IFA individual protection market for four consecutive quarters up till Q3 2008. (source: NMG)
Navigator, one of Australia’s largest wealth management platforms, in excess of £6bn fund under administration.
Bancassurance partnership signed with Wide Bay.
Award winning Protection products.

Total life and pensions sales down by 19% against a strong 2007 with prior year included a one-off group pension transfer and favourable changes to superannuation legislation.
Life MCEV operating return of £48m (2007 restated: £50m).
IFRS operating profit of £59m (2007: £50m) is due to increased profit margins released from growth in the Protection Business.
Investment sales of £1,411m (2007: £1,961m) the decrease reflecting favourable changes to superannuation legislation in prior year.

Primarily through traditional non-aligned adviser distribution channel.
Strategic investments in key adviser groups including Professional Investment Holdings (the country’s largest independent network), Infocus Wealth Management, Financial Technology Services and AG Private Advisory
Sales of Risk Products through Widebay branches commenced in 2009

Continue to profitably grow Aviva Australia’s market share
Continue strong performance in core IFA market
Expand foothold in bancassurance market
Differentiation through superior service, leading product features, advisor tools and integrated infrastructure
Explore new bancassurance and wholesale administration opportunities