Aviva update on senior manager remuneration
Aviva plc has announced changes to the remuneration of Executive Directors and the Aviva Leadership Team.
In light of the significant uncertainties presented by COVID-19 and the need for continued prudence, the following changes to senior manager remuneration have been agreed:
- Executive Directors and the Aviva Leadership Team will not be considered for any bonus for 2020 until dividend payments are restarted for ordinary shareholders;
- Basic pay increases for Executive Directors and the Aviva Leadership Team, due to come into effect on 1st April 2020, will be paused until dividend payments are restarted for ordinary shareholders.
Authored by Aviva
About Aviva
Aviva Insurance Limited is one of the UK’s leading insurance companies, part of the Aviva group with 34 million customers Worldwide. Aviva Insurance has been in the insurance business for more than 300 years.
In UK commercial, the insurance market remains challenging for insurance brokers and customers, due to the ongoing economic conditions. Aviva Insurance are focusing on improving our processes to ensure Aviva provide commercial customers with insurance cover at an acceptable price. Insurance brokers also recognised our excellent customer service by voting us Insurance Times General Insurer of the Year in 2012, for the second year running. youTalk-insurance sharing Aviva insurance news and video.