Aviva calls for 'courageous conversation' on orphaned clients

Scott Sinclair
clock •

Aviva says it is time providers and distributors put their heads together to discuss how to ensure ‘orphaned' clients are treated fairly.

Stephen Gay, Aviva's director of distribution development, says although the matter remains a "sensitive" one, consumers' interests must be put first. He says some clients are "indisputably orphaned", adding advisers are being forced to segment customers as a result of changes proposed in the Retail Distribution Review (RDR) and could profit from selling some client banks to other adviser firms or providers. It follows criticism of the insurance giant over the last two months after it sent out its new terms of business to advisers outlining the situations it deemed acceptable to marke...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Women in Financial Advice Awards 2026: Winners' gallery

Women in Financial Advice Awards 2026: Winners' gallery

Championing women in advice and financial services

Professional Adviser
clock 05 November 2026 • 1 min read
Women in Financial Advice Awards 2026: All the winners revealed!

Women in Financial Advice Awards 2026: All the winners revealed!

WIFA 2026 awards were presented at a gala dinner on 4 November

Professional Adviser
clock 05 November 2026 • 12 min read
It's a family affair: How advisers can close the participation gap

It's a family affair: How advisers can close the participation gap

Small changes to everyday conversations and meetings that make the biggest difference

Jenny Davidson
clock 04 November 2026 • 4 min read