Aviva has completed another step in simplifying its operations and has announced it has completed the disposal of its shareholding in Singapore Life Holdings Pte Ltd, together with two debt instruments, for £937m. The planned exit was first announced in September of last year.

Amanda Blanc (pictured), group chief executive officer of Aviva, said: “The transaction further simplifies the business and we are in a very strong position to build on our trading momentum in the UK, Ireland and Canada.”