Aviva issues final Reattributuion Update
With more than 90 per cent of payments issued, Aviva has sent its final Fund Transfer and Reattribution Update. It believes all remaining payments will be issued by March 2010.
In excess of 800,00 customers accepted the reattribution offer or automatically qualified for payment. Aviva had originally stated there would be 1.1 million eligible policyholders. Aviva will be paying them £470 million, less than the £500 million thought available under the new deal. Some policyholders expressed dismay that the PIP offer (Policyholder Incentive Payment) didn’t return to the original £1 billion as the FTSE has remained above 5000 since the High Court decision.
Reattribution Director, Gary Price, has now been appointed as marketing director of Aviva’s UK business and will be responsible for customer insight, strategy and corporate responsibility.
