11 August 2022

Aviva completes the acquisition of Succession Wealth

Aviva plc ("Aviva") today announces that it has completed the acquisition of Succession Wealth. The acquisition significantly enhances Aviva's presence in the fast-growing UK wealth market and expands Aviva's ability to offer high-quality financial advice to a significant number of its 6 million pension and savings customers without an existing adviser.

The acquisition of Succession Wealth was announced on 2 March 2022.

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Enquiries:

Media:

Andrew Reid                                                                                                     +44 (0)7800 694 276

Sarah Swailes                                                                                                    +44 (0)7800 694 859

Steve Whitelock                                                                                                +44 (0)7800 691 128

Analysts:                                                                                                                                 

Rupert Taylor Rea                                                                                           +44 (0)7385 494 440

Joel von Sternberg                                                                                           +44 (0)7384 231 238

Michael O'Hara                                                                                                +44 (0)7837 234 388

Notes to editors:

·    We are the UK's leading Insurance, Wealth & Retirement business and we operate in the UK, Ireland and Canada. We also have international investments in Singapore, China and India.

·    We help our 18.5 million customers make the most out of life, plan for the future, and have the confidence that if things go wrong we'll be there to put it right.

·    We have been taking care of people for 325 years, in line with our purpose of being 'with you today, for a better tomorrow'. In 2021, we paid £30.2 billion in claims and benefits to our customers.

·    Aviva is a market leader in sustainability. In 2021, we announced our plan to become a Net Zero carbon emissions company by 2040, the first major insurance company in the world to do so. This plan means Net Zero carbon emissions from our investments by 2040; setting out a clear pathway to get there with a cut of 25% in the carbon intensity of our investments by 2025 and of 60% by 2030; and Net Zero carbon emissions from our own operations and supply chain by 2030.  Find out more about our climate goals at www.aviva.com/climate-goals and our sustainability ambition and action at www.aviva.com/sustainability

·    Aviva is a Living Wage and Living Hours employer and provides market-leading benefits for our people, including flexible working, paid carers leave and equal parental leave. Find out more at https://www.aviva.com/about-us/our-people/

·    As at 30 June 2022, total Group assets under management at Aviva Group are £353 billion and our Solvency II shareholder capital surplus is £10.3 billion. 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  

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