RE: Why?10 Oct 2023 11:07
A new owner of Aviva might decide to buyback all preference shares; adds risk. Remember 2018, proposing they could do so 'at par'. Sadly I missed getting some when it was sub-par a few months ago, but I'd have had to take into account the stamp duty & dealing fee.
I've always found that when I get good money coming in, someone is waiting in the wings to take it off me. Most recently that has been electric tariffs; we now search for fixed rate deals in the same way as we sought fixed rate mortgages.