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Aviva Launch £1,000,000,000 Property Fund

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Guest Daddy Bear

Another clue on the path to enlightenment...

When will the penny drop?

LONDON, July 26 (Reuters) - British insurer Aviva (AV.L) will launch a new 1 billion pound ($1.65 billion) investment fund to buy and rent out new residential property along with two partners, according to the Financial Times.

The report said Aviva, Britain's second-biggest insurer, would launch the fund with property consultancy CB Richard Ellis and an unnamed major U.S. residential manager.

The venture would pre-order purpose-built residential blocks in the southeast to rent out, mainly around large transport hubs and significant regeneration sites that have stalled due to the economic downturn, the FT said.

"We feel the economics are right given where the market is heading. There is appetite for renting that hasn't been there before," the FT quoted Aviva's head of UK specialist property, Andrew Appleyard, as saying.

Nobody at Aviva could immediately be reached for comment.

http://www.reuters.com/article/rbssFinanci...Q03093820090726

Come on people - wake up !!

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Aviva Launch £1,000,000,000 Property Fund, "Dash for Assets"

all real estate is owned by the state (the clue's in the name)

citizens may only purchase equity in the real estate,

equity in real estate is not a tangible asset (and will continue to fall in value for many years).

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Why announce this in a fan fare of publicity first? If I were them I'd secretly snap up all bargains in property!

Unless of course they are ramping the market?

Lots of announcements like this over the last month. First David Frost/Alex Ferguson, then some bloke from Land Securities, and now Aviva.

Edited by HostPaul TAFKA Rover2000

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Ah, more purpose-built residential blocks of flats because there's simply not enough of them! I assume they'll be the type of flats that housing associations are currently turning their noses up at because they're not big enough or of a high enough build quality :lol:

But it's great if they build all these flats and flood the rental market in a climate of job losses, pay freezes, increased IVAs /bankruptcy, falls in income from bonuses and commission (unless you're a banker) and credit freezes, meaning people will find it increasingly difficult to maintain their standard of living with credit cards and loans. Rents will plummet and solvent tenants will be like gold-dust. Fantastic!

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Guest spp

Gold/Silver v Pwoperty it is Daddy Bear!

Gold £578 oz

Silver £8.50 oz v Avg U.k House £156,442

Let's get it on!

and a

WAKE UP!

Edited by spp

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If it makes my rent even cheaper now, and even cheaper than compared to buying now, then it's big thumbs up from me.

Crack on, I say. A flooded market is a better one as far as I'm concerned.

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Guest Daddy Bear
Gold/Silver v Pwoperty it is Daddy Bear!

Gold £578 oz

Silver £8.50 oz v Avg U.k House £156,442

Let's get it on!

and a

WAKE UP!

You think I don't like the shiny stuff?

beer-smiley.gif

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If it makes my rent even cheaper now, and even cheaper than compared to buying now, then it's big thumbs up from me.

Crack on, I say. A flooded market is a better one as far as I'm concerned.

Keep up the good work in trying to persuade the Missus to hold from buying. Go and see a few houses that you could afford NOW, then show her a few more that are seemingly out of your reach but will be 2-3 years down the line and ask her which ones she prefers :rolleyes:

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Keep up the good work in trying to persuade the Missus to hold from buying. Go and see a few houses that you could afford NOW, then show her a few more that are seemingly out of your reach but will be 2-3 years down the line and ask her which ones she prefers :rolleyes:

Tis the plan.

Already, there has been one place she was drooling over in 03/08 that was for sale for £450k that we looked at a month ago at a reduced to £370k. It was then withdrawn and is not up for rent for less than we're paying in our present place.

The penny may be starting to drop. Hope so.

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Corporate PR bulls()it reaches a new high with a perfectly reasonable insurance company name being changed to one of the most pretentious, inappropriate, laughable, absurd and satire-worthy pseudo latinised junk titles ever created by a glassed round table of over-paid jerks in leather jackets who seriously think this is "creativity"!

Ha! Let me see now: "Consignia" - bit of a mistake there. "Arriva" - oh how clever...a play on buses getting there on time. Have £50 million for launching that one.

And now we have.....TA DA....

"A V I VA"

Yes folks, the himalayan peak of corporate pseud's corner! And guess what - an insurance company is, after all, not an insurance company, or at least, that's a mere side line. It's really a corporate spivtastic excercise in mid recession bull-trap property investment.

For those who haven't already decided to withdraw ANY business they had with this bunch of sheisters, who have already sacked thousands of their workers in search of cheap overseas labour, who think that re-branding to yet another bonkers name worthy of the deserved lampooning it'll justly receive, you only have yourselves to blame when you realise a once reasonable (by insurance standards) company, will now and for ever more deliver poorer service, price increases and will treat its staff like Sh-it but tries to persuade you to welcome it to the world.

I would never, ever give a pretentiously re-branded bunch of corporate wa-nkers like this a single penny. One day they will wake up and decide that "Norwich Union" wasn't such a bad name after all. Until then I urge you to tear them apart with scorn, jokes and maximum satire.

Edited by VacantPossession

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Fits rather nicely with this I think....

Insurers 'could provide welfare'

Insurers rather than the government could provide benefits such as sick leave, says a report into the industry.

Setting out a possible scenario for 2020, the report said a 5% shift in the £340bn welfare state burden could save the government £17bn a year.

But consumers would need to take out insurance against sickness and job loss as a result.

The Insurance Industry Working Group was set up in October last year, comprising bosses of major firms.

The UK insurance industry is the second largest in the world.

Vision

The group was chaired by Chancellor Alistair Darling and Andrew Moss, the chief executive of Aviva.

It found that the total cost of payouts such as long-term healthcare and pensions cost £340bn a year, with the insurance industry picking up a third of the cost and the government picking up the rest.

The report suggested that the insurance sector had the capacity to play a much bigger role in providing benefits like jobseekers allowance and money for those on long-term sick leave.

Taking on 5% of the burden from the government would save the Treasury billions of pounds, but would mark a fundamental shift in the welfare state, which is funded by taxation and National Insurance contributions.

'Discussion document'

The report also pointed out that the transparency, simplicity and access of insurance products could be improved.

It also said that data and research could be shared between government and the industry to reduce the cost impact of risks such as floods and crime.

Mr Moss said the report was simply a "discussion document" and was not giving any firm recommendations, but encouraged others to take up the debate.

"Taking steps now will build customer confidence," he said.

http://news.bbc.co.uk/1/hi/business/8170265.stm

Government launches "Insurance Industry Working Group"

http://www.insurancedaily.co.uk/2008/11/11...-working-group/

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Corporate PR bulls()it reaches a new high with a perfectly reasonable insurance company name being changed to one of the most pretentious, inappropriate, laughable, absurd and satire-worthy pseudo latinised junk titles ever created by a glassed round table of over-paid jerks in leather jackets who seriously think this is "creativity"!

Ha! Let me see now: "Consignia" - bit of a mistake there. "Arriva" - oh how clever...a play on buses getting there on time. Have £50 million for launching that one.

And now we have.....TA DA....

"A V I VA"

Yes folks, the himalayan peak of corporate pseud's corner! And guess what - an insurance company is, after all, not an insurance company, or at least, that's a mere side line. It's really a corporate spivtastic excercise in mid recession bull-trap property investment.

For those who haven't already decided to withdraw ANY business they had with this bunch of sheisters, who have already sacked thousands of their workers in search of cheap overseas labour, who think that re-branding to yet another bonkers name worthy of the deserved lampooning it'll justly receive, you only have yourselves to blame when you realise a once reasonable (by insurance standards) company, will now and for ever more deliver poorer service, price increases and will treat its staff like Sh-it but tries to persuade you to welcome it to the world.

I would never, ever give a pretentiously re-branded bunch of corporate wa-nkers like this a single penny. One day they will wake up and decide that "Norwich Union" wasn't such a bad name after all. Until then I urge you to tear them apart with scorn, jokes and maximum satire.

I thought changing a good well known name was a mistake. But turns out they were bought by AVIVA and made part of that group. In 23 of 27 countries where they operate, they were called AVIVA, so they decided to get rid of the name Norwich Union. Or something like that.

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Corporate PR bulls()it reaches a new high with a perfectly reasonable insurance company name being changed to one of the most pretentious, inappropriate, laughable, absurd and satire-worthy pseudo latinised junk titles ever created by a glassed round table of over-paid jerks in leather jackets who seriously think this is "creativity"!

Ha! Let me see now: "Consignia" - bit of a mistake there. "Arriva" - oh how clever...a play on buses getting there on time. Have £50 million for launching that one.

And now we have.....TA DA....

"A V I VA"

Yes folks, the himalayan peak of corporate pseud's corner! ........../ :D:D

I would never, ever give a pretentiously re-branded bunch of corporate wa-nkers like this a single penny. One day they will wake up and decide that "Norwich Union" wasn't such a bad name after all. Until then I urge you to tear them apart with scorn, jokes and maximum satire.

+1 :D:D

Edited by eric pebble

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Gold/Silver v Pwoperty it is Daddy Bear!

Gold £578 oz

Silver £8.50 oz v Avg U.k House £156,442

Let's get it on!

and a

WAKE UP!

Place your bets please.

ash050209c.gif

HP_UK_in_gold_1930.PNG

UK_House_Prices_in_Silver.png

Edited by richyc

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HP_UK_in_gold_1930.PNG

Currently we are at [using Nationwide]:

GPB 156,000 / GBP 580 = 268

The bottom from each trough, in the 80s was 100, and in the 90s 200.

Using a bit of algebra, Even if gold prices remains the same price at GBP 580/oz, then house prices can be projected to be

- GBP 58,000 if the ratio bottoms at 100

- GBP 116,000 if the ratio bottoms at 200

and out of interest, GBP 87,000 if in between at 150.

Let me know when Aviva and the like start diversifying into Gold.

Edited by Pseudo Lord Sandwich

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Before the Gold and Silver bull is over, I'm betting we will see the average UK house at least at:

100oz of Gold

1200oz of Silver

My personal target is 80oz Gold and 1000oz Silver.

Anyone getting cute will get shaken out by the Rothschilds of this world. Any form of leverage (including mortgages) is dancing with the devil - beware the NWO margin call. Just buy and hold until you reach the target. Simple.

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Corporate PR bulls()it reaches a new high with a perfectly reasonable insurance company name being changed to one of the most pretentious, inappropriate, laughable, absurd and satire-worthy pseudo latinised junk titles ever created by a glassed round table of over-paid jerks in leather jackets who seriously think this is "creativity"!

Ha! Let me see now: "Consignia" - bit of a mistake there. "Arriva" - oh how clever...a play on buses getting there on time. Have £50 million for launching that one.

And now we have.....TA DA....

"A V I VA"

Yes folks, the himalayan peak of corporate pseud's corner! And guess what - an insurance company is, after all, not an insurance company, or at least, that's a mere side line. It's really a corporate spivtastic excercise in mid recession bull-trap property investment.

For those who haven't already decided to withdraw ANY business they had with this bunch of sheisters, who have already sacked thousands of their workers in search of cheap overseas labour, who think that re-branding to yet another bonkers name worthy of the deserved lampooning it'll justly receive, you only have yourselves to blame when you realise a once reasonable (by insurance standards) company, will now and for ever more deliver poorer service, price increases and will treat its staff like Sh-it but tries to persuade you to welcome it to the world.

I would never, ever give a pretentiously re-branded bunch of corporate wa-nkers like this a single penny. One day they will wake up and decide that "Norwich Union" wasn't such a bad name after all. Until then I urge you to tear them apart with scorn, jokes and maximum satire.

+1

Being from Norwich it seems that they are clearly cutting ties step by step and from having proud staff they are becoming just another company.

They even closed down the sports field which their employees used to love, and was also important to lots of local people.

My wife who herself is a foreigner was shocked an upset when she saw that whole floors of a building we saw where full of indian workers.

"Do people just let them take their jobs?'

Terrible.

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"Dash for assets"? How about "retards attempt to pick bottom of the market" or "Aviva acts as intermediary to offload otherwise unsaleable offplan new builds to mug retail investor"?

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+1

Being from Norwich it seems that they are clearly cutting ties step by step and from having proud staff they are becoming just another company.

They even closed down the sports field which their employees used to love, and was also important to lots of local people.

My wife who herself is a foreigner was shocked an upset when she saw that whole floors of a building we saw where full of indian workers.

"Do people just let them take their jobs?'

Terrible.

Let me emphasise that my point about foreign labour in no way maligns that labour force. The point is that the new regime will ruthlessly trim employment conditions for everyone, and as the above post already demonstrates, that includes any extra curricular benefits such as a sports field, which will now no doubt become part of the offloadable property "portfolio" this ghastly company is now seeking to build.

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Let me emphasise that my point about foreign labour in no way maligns that labour force. The point is that the new regime will ruthlessly trim employment conditions for everyone, and as the above post already demonstrates, that includes any extra curricular benefits such as a sports field, which will now no doubt become part of the offloadable property "portfolio" this ghastly company is now seeking to build.

Yup. Total c nts.

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I thought changing a good well known name was a mistake. But turns out they were bought by AVIVA and made part of that group. In 23 of 27 countries where they operate, they were called AVIVA, so they decided to get rid of the name Norwich Union. Or something like that.

They used to be Commercial and General Norwich Union, following the merger of Commercial Union, General Accident and Norwich Union. They decided that name was a bit of a mouthful, and wanted something shorter, so they went for Aviva, which is supposed to not mean anything, not sound rude in any foreign languages and not sound like any other company name etc, although it does sound a bit like a fairly large bus company.

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They used to be Commercial and General Norwich Union, following the merger of Commercial Union, General Accident and Norwich Union. They decided that name was a bit of a mouthful, and wanted something shorter, so they went for Aviva, which is supposed to not mean anything, not sound rude in any foreign languages and not sound like any other company name etc, although it does sound a bit like a fairly large bus company.

Must have been thought up by some over paid consultant who took a bus to the office in the morning. :lol:

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Must have been thought up by some over paid consultant who took a bus to the office in the morning. :lol:

maybe he arrived alive. Arriva Aviva.

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