Aviva scraps direct advice arm as part of restructure

The move is part of the restructure announced last week that will see the insurer cut 2,000 staff or 6% of its global workforce. The cuts will  affect about 120 advisers.  In a statement, the company stressed that the changes relate to its fully advised sales force and that it remains committed to the direct channel through non-advised. An Aviva spokesperson said: "We have previously outlined plans to reduce our expenditure to improve our position as a business. This has meant we have been reviewing how we can meet our customers' needs in the most cost-effective way. "As a result ...