Aviva has reported a profit after tax of £776m for the first half of this year, turning around a £624m loss for the half year 2012 - but said UK life operating profit fell.
Fund managers are facing pressure to buy high risk assets in order to meet their funds' targets in an environment of falling equity volatility.
Standard Life Investments (SLI) is reviewing its remuneration policy after Euan Munro became the latest star name to announce his departure from the firm last week.
Standard Life Investments' Euan Munro has joined Aviva Investors as CEO.
Aviva Investors has split its multi-asset solutions portfolio management team into retail and institutional divisions in an effort to provide focused advice to each type of client.
John Misselbrook has been appointed interim chief executive by Aviva Investors in a bid to improve the company's investment proposition.