Why Aviva Wants to Buy Friends Life

Why Aviva Wants to Buy Friends Life

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses significant changes in the UK pension industry, particularly the shift away from mandatory annuities, and how companies like Aviva and Friends Life are adapting. Aviva is focusing on asset management and considering a merger with Friends Life to create a larger entity. Friends Life, facing challenges due to the decline in annuities, is exploring corporate bulk annuities as a new strategy. The merger would create a powerful entity serving a large portion of the UK population.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What significant change to pension policy was unveiled by George Osborne in March?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How did the removal of the annuity requirement affect life insurers?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the potential merger between Aviva and Friends Life signify for the UK pension market?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What strategies is Friends Life considering to offset the decline in new business?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What impact would a 15% premium have on Clive Cowdery and Friends Life?

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