On 30 July the FSA published its preliminary assessment of the £1bn agreement reached between Aviva and Policyholder Advocate, Clare Spottiswoode.

The FSA's preliminary assessment is that the offer by Aviva to policyholders for the company's inherited estate is fair. The assessment is based on current market conditions. A final FSA assessment will be offered when the matter is considered in the High Court.

For further information: FSA provides preliminary view of Aviva's proposed reattribution offer