Why Aviva Wants to Buy Friends Life

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.

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

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

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

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

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