Aviva suspends shareholder dividends

Aviva has announced that its board of directors have agreed to withdraw its recommendation to pay 2019 final dividends to its ordinary shareholders in June 2020. The decision, made in the wake of the economic challenges posed by COVID-19, has come following public pressure placed on insurers by regulatory authorities, such as the EIOPA and the PRA, to show restraint regarding dividend payments to shareholders at this time. Aviva has opted to delay its decision about dividend payments until the final quarter of 2020. The insurer said it remains "well capitalised with strong liquidit...