Aviva and Pru 'will gain' from industry consolidation

clock

Aviva and Prudential are the most likely to gain from consolidation in the UK life assurance industry, according to Deutsche Bank.

Deutsche Bank's analysts also believe Resolution will ultimately succeed in its attempts to purchase Friends Provident. The investment bank made its predictions as it upgraded Aviva to a ‘buy' stock, while downgrading L&G shares to ‘sell'. Deutsche Bank says the impact of the RDR on the IFA distribution channel, coupled with tax changes and the introduction of personal accounts in 2012, will lead to falling sales in the sector. As a result, the role of back books will become more valuable, and the firm says Aviva and Pru's larger back books will benefit them in the future. Frien...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

The Apprentice stars call for more financial advice as online businesses surge

The Apprentice stars call for more financial advice as online businesses surge

‘Crucial that young entrepreneurs receive the right guidance to manage their finances’

Sahar Nazir
clock 03 April 2025 • 2 min read
Trump pushes ahead with global 'reciprocal' tariffs, sending markets into a tailspin

Trump pushes ahead with global 'reciprocal' tariffs, sending markets into a tailspin

20% on EU, 10% on UK

Sorin Dojan
clock 03 April 2025 • 2 min read
Model portfolios continue to dominate UK adviser channel sales in H2 2024

Model portfolios continue to dominate UK adviser channel sales in H2 2024

ISS MI report reveals rising net sales with model portfolios driving growth

Sahar Nazir
clock 03 April 2025 • 3 min read