The Daily Mail quoted ShareSoc Director Cliff Weight in its 2 May Aviva article https://www.thisismoney.co.uk/money/markets/article-9535371/Aviva-faces-investor-revolt-preference-shares-scandal.html
Aviva faces an investor revolt this week after angering shareholders by deciding not to claw back fees from directors who oversaw a preference shares scandal.
The insurer was rocked in 2018 when it said it was considering buying back shares marketed as 'irredeemable' for less than they were trading at.
It reneged on the announcement days later, by which time the shares had tumbled.
It was forced to compensate investors. ...
From FT Adviser: https://www.ftadviser.com/investments/2021/01/14/aviva-pressed-to-recall-bonuses-after-share-buyback-debacle/
Investor group ShareSoc has called on Aviva to claw back bonuses paid in 2018 after the provider was censured for 'potentially misleading' the market in its share buyback saga.
by Cliff Weight
Last week I went to 3 AGMs. Aviva on Wednesday, 10 May in London and then Lloyds in the morning of the 11th and RBS in the afternoon, both in Edinburgh.
Aviva was very well attended with about 600 people in the Queen Elizabeth Centre. There were plenty of displays of the Aviva products, lots of staff to explain them and deal with any customer issues or complaints. There were also stands explaining the business (noticeable by its absence was ...
It has been brought to my attention that insurance company Aviva (AV.) are to stop paying dividends via cheque. Unless shareholders supply bank account information and accept direct payments into them, they will not get paid their dividends in future. This particularly affects those shareholders who hold their shares in certificated form or as personal crest members where payment by cheque is the default method.
Another company that introduced this rule a year or two back was Vodafone, despite the objections of ...