IN BRIEF: Aviva aims for GBP500 million in annual profit from Wealth

Aviva PLC - London-based insurer and asset manager operating in UK, Ireland and Canada - Chief Executive Officer Amanda Blanc hosts an investor and analyst event on Friday focused on the Wealth business. Aviva says it is on track for its £280 million annual profit goal in the Wealth arm next year, and further ahead, it sees this growing to £500 million. Aviva's Wealth arm includes workplace pensions and advised and direct investments. "The UK wealth market is a major growth opportunity and central to Aviva's long-term strategy," it says. Aviva sees the UK wealth market growing at more than 10% per year, a forecast based on industry research.

Aviva says it has made strong progress in Wealth since its last investor briefing on the business back in 2023, leaving it well placed to achieve £280 million operating profit at the unit in 2027, before rising to above £500 million by 2032. Wealth operating profit rose to £175 million in 2025 from £129 million in 2024.

"New technology, including the use of artificial intelligence, and new regulation, such as the pension schemes act 2026 and targeted support, are creating exciting new opportunities for growth in a changing UK wealth market. Aviva is uniquely positioned to capitalise on these trends," the company says. "We are already the number one Wealth player in the UK by assets, with £261 billion, and nearly six million Wealth customers. Our trusted brand, unrivalled UK customer base of 21.8 million, proprietary data and lifetime customer wealth offering give us a clear competitive advantage."

Current stock price: 707.80 pence

12-month change: up 6.5%

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