LSE:PHNX 5 March 2026 - 6 March 2026

Aviva Plc’s Next Test: Bank of England Takes Aim at Reinsurance Deals
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Aviva Plc’s Next Test: Bank of England Takes Aim at Reinsurance Deals

The Bank of England proposed raising capital requirements for UK life insurers’ funded reinsurance deals from about 2–4% to 10%, affecting firms like Aviva, Legal & General, and Phoenix. The PRA estimates UK exposure at £40 billion. The consultation runs until July 31, 2026, with changes proposed from July 2027. Aviva reported buying back 1.3 million shares for cancellation on April 29.
April 30, 2026
Lloyds Banking Group plc leads race for Aegon UK business as wealth push accelerates, report says
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Lloyds Banking Group plc leads race for Aegon UK business as wealth push accelerates, report says

Lloyds Banking Group is leading the auction for Aegon’s UK business, valued at £1–1.5 billion, with final bids due next month and an announcement possible in April, Financial News reported. Phoenix and Canada Life remain contenders. Aegon’s UK arm serves about 3.7 million customers and manages £220 billion in assets. No final decisions have been made, and Aegon has not detailed the scope of any sale.
March 6, 2026
Lloyds tipped as front-runner for Aegon UK business as bidders circle
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Lloyds tipped as front-runner for Aegon UK business as bidders circle

Lloyds is leading the first round of bids for Aegon’s UK business, valued at £1–1.5 billion, according to Financial News. Phoenix Group and Canada Life also submitted offers, with final bids due next month. Lloyds disclosed a new share buyback, purchasing over 20 million shares at an average 98 pence each. Aegon began reviewing its UK unit as it shifts focus to the U.S.
March 5, 2026