The combination of Friends Life’s workplace savings book and Aviva’s consumer brand strength has the makings of a dominant force in the sector. We estimate that Aviva Friends Life has £45bn in workplace savings AUM, making it the largest player in the sector by asset size.
Aviva Friends Life offers two corporate savings propositions: Company Pension catering to the small and micro employer market (with a potential 1.8 million employers up for grabs, according to TPR data) and My Money.
Based on the findings from our Workplace Savings Guide, in this month’s Corporate Adviser we took a look at Aviva Friends Life, the entity created by the merger of two life company juggernauts that began operating in April 2015. You can read the full article here