Aviva finalises £1.25bn reattribution

The final offer, made today following approval from the High Court, regulators and the company's board, is around £50m higher than Aviva's original estimate. The bulk of Aviva's 805,000 eligible policyholders will receive between £214 and £1,230. Almost 90% of policyholders voted on the reattribution, with 96% choosing to accept the offer. Payments will be sent out from early November, and the majority of policyholders will receive their money before the end of the year. Mark Hodges, chief executive at Aviva UK Life, says: "Our objective has always been to create a reattribution...