Aviva continues to narrow its focus after another disposal

UK insurance giant Aviva has sold its life and pensions operations in Russia in an effort to 'narrow' its focus.

UK insurance giant Aviva has sold its life and pensions operations in Russia in an effort to 'narrow' its focus.

The company said on Wednesday morning that Aviva Russia had been sold to Blagosostoyanie, a non-state pension fund in Russia, for a total consideration of €35m in cash.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.