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Aviva’s restricted advice business nearing 100 recruits

Business-People-Leaving-Walking-Falling-Decline-Corporate-700x450.jpgAviva plans to keep growing its restricted advice arm this year, as the business is on the verge of reaching 100 adviser recruits.

Aviva managing director of savings and retirement Lindsey Rix says the provider wants to hire both graduate and experienced advisers.

Rix says: “We have just shy of 100 advisers now in our business of which about 50 are fully qualified and the rest are still going through their training.”

In August last year, Aviva’s advice business had 33 operational advisers and a further 20 in training.

The provider announced plans to restart a restricted face-to-face advice business in July 2016, three years after it cut its 120-strong team of advisers.

Rix says Aviva will continue to focus on growing the advice business in 2018.

Aviva Investors property boss warns shutting funds can lead to ‘perverse outcomes’

Rix confirms problems following Aviva’s replatforming in January are still ongoing.

So far this year, the Aviva adviser platform has been beset with issues since it launched its new FNZ-powered service on 23 January.

The launch followed five days of downtime but since then advisers have reported a range of problems, including difficulties running quotations, accessing valuations and getting the platform to accept new applications.

Rix says: “We are still experiencing some embedding issues post-migration and we are working incredibly hard and do want to apologise for the experience advisers have had over this period while we’ve been fixing the issues.”

In its 2017 annual results report today, Aviva’s UK adviser platform reported a 56 per cent increase in assets under management in the 12-month period.


Investec AM cashes in on Gars and Aviva outflows

Investec Asset Management says it is picking up money from Standard Life Aberdeen’s ailing Gars fund as the newly merged giant continues to take a hit on its absolute return strategy. Investec says inflows are also coming from Aviva Investors through its flagship Diversified Income fund as other large fund groups continue to suffer outflows. […]

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Aviva scores another bulk annuity deal in new growth strategy

Aviva has secured the latest deal in its bit to write more bulk annuity business. A decade after two financial support directions were imposed, the Sea Containers 1983 Pension Scheme has been insured by Aviva in a bulk annuity deal. Aviva’s £187m buy-out will allow trustees to secure benefits in access of Pension Protection Fund […]

Aviva plans to phase in new platform after migration blackout

Aviva has pledged to have the full version of its new platform up and running imminently after a blackout period over the weekend. The provider scheduled five days of downtime from last Wednesday through to Monday, but advisers have complained to Money Marketing that the platform was not accepting applications or running quotes as of […]

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FCA to consult on future of adviser register

The FCA is consulting on plans to retain a full public register of authorised advisers after concerns were raised that upcoming regulation could reduce the amount of information available to consumers. Under the Senior Managers Regime, which the FCA is planning to roll out to advisers later this year, the regulator would only approve senior […]


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There are 2 comments at the moment, we would love to hear your opinion too.

  1. Nicholas Pleasure 8th March 2018 at 4:42 pm

    It’s history repeating. I remember this last time around. It didn’t end well.

    Norwich Union Direct I think it was called – early 1990’s.

  2. Aviva giving advice what aload of tosh.I was told recently of the story were a new employee turned up for work in the york office on the monday and was made redundant the same day you cannot trust them with your livlihood never mind your pension

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