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IN BRIEF: Aviva expects to capitalise from growth in UK wealth market

ALN

Aviva PLC - London-based investor - Ahead of investor and analyst briefing for its Wealth division on Tuesday morning, says the UK’s wealth market is set to nearly triple to £4.3 trillion in the next 10 years and expects to capitalise on this trend. Says Wealth division has 5 million customers, which ‘provides a major opportunity to deepen customer relationships, grow [its] leading retirement businesses and generate additional flows to Aviva investors].’ Adds it is expanding its direct wealth capabilities to ‘take full advantage of the significant opportunities’ in its UK customer base.

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