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Aviva plc and General Accident plc preference shares

Statement on FCA investigation.

The Financial Conduct Authority has today published the outcome of its investigation into Aviva’s announcement on preference shares in March 2018.  Aviva accepts this decision. This was a disappointing episode for which we are sorry and lessons have been learned. We recognise the uncertainty created for preference shareholders two years ago whilst we were considering our options and we subsequently made discretionary goodwill payments to impacted preference shareholders.

-ENDS-

Enquiries:

Media:

Andrew Reid                                                                                                                   
+44 (0)7800 694 276

Sarah Swailes                                                                                                                
+44 (0)7800 694 859

Analysts:

Diane Michelberger                                                                                                    
+44 (0)20 7662 0911

Notes to editors:

  • For information on how Aviva is helping our people, customers and communities impacted by COVID-19 visit: www.aviva.com/covid-19-our-response/
  • We exist to be with people when it really matters, throughout their lives – to help them make the most of life. We have been taking care of people for more than 320 years, in line with our purpose of being ‘with you today, for a better tomorrow’.
  • We will focus on the UK, Ireland and Canada where we have leading market positions and significant potential. We will invest for growth in these markets. Our International businesses in Europe and Asia will be managed for long-term shareholder value. We will also transform our performance and improve our efficiency. Our transformation will be underpinned by managing our balance sheet prudently, reducing debt and increasing our financial resilience.
  • Total group assets under management at Aviva group are £522 billion and our Solvency II capital surplus is £12.0 billion (HY20). Our shares are listed on the London Stock Exchange and we are a member of the FTSE 100 index.
  • For more details on what we do, our business and how we help our customers, visit www.aviva.com/about-us
  • The Aviva newsroom at www.aviva.com/newsroom includes links to our image library, research reports and our news release archive. Sign up to get the latest news from Aviva by email.
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  • We have a Globelynx system for broadcast interviews. Please contact the Press Officer noted above if you would like to make a booking.

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