Aviva Warns Against Pension Speculation | Glasgow News

Dame Amanda Blanc, head of Aviva, is warning the new Chancellor not to hint at pension policy changes before the October budget—last year’s speculation triggered a rush of early withdrawals, with people losing out on long-term savings. She urged him to avoid “flying kites” with potential reforms, stressing that once a tax-free lump sum is taken, it can’t be undone. Amid strong earnings growth—operating profits up 24% to £1.33 billion—Aviva is also making strides integrating Direct Line, hitting cost-saving targets without further job cuts, while backing efforts to keep pension rules stable and encourage more saving. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/714973cf819a96ab