Amanda Blanc's In focus: Wealth video

Today we are hosting an analyst and investor briefing on our Wealth business which is central to Aviva’s long-term, capital-light, growth.  

We will be focusing on four main themes. 

First, the opportunity in Wealth is huge and Aviva is uniquely positioned to win. 

The UK Wealth market is already £2.7 trillion in assets.  

By 2035, that is expected to reach £7.5 trillion, with a profit pool of around £10 billion. 

Aviva is already the UK’s number one Wealth player overall. 

And with one of the biggest customer franchises, one of the most trusted brands in UK financial services, and a Wealth offering that can support customers throughout their lives, we have a combination that is increasingly difficult to replicate.

Second, with Wealth, we are unlocking Aviva’s customer advantage with strong foundations. 

Aviva has nearly 22 million customers in the UK, with around £1.6 trillion of investible assets. 

That gives us a platform for growth that is unique to Aviva. 

But the real power of Aviva's model is that we can help customers with all of their insurance, wealth and retirement needs, creating a connected experience for them and a deeper relationship for us.

Third, new technology is creating an even more exciting opportunity.  

Artificial Intelligence has the potential to transform how customers access financial products and manage their Wealth. 

And we believe that Aviva – with our combination of customers, data, technology and expertise - is exceptionally well placed to lead that change.

Fourth, over the last three years we’ve delivered significant growth in our Wealth business. 

This momentum means that we are well on track for £280 million of Wealth operating profit by 2027, and greater than £500 million by 2032. 

And we are going to continue investing as we are highly confident in the organic growth potential well beyond that with Direct Wealth, targeted support, advice and other opportunities.