Aviva's robo acquisition to trigger M&A spree, expert predicts

Competitors at "commercial disadvantage"

Hannah Godfrey
clock • 2 min read

Aviva's acquisition of robo-adviser Wealthify is set to change the landscape of the sector by triggering a wave of M&A activity, Ian McKenna has said.

The DigitalWealthInsights.com director (pictured) said Aviva's competitors were likely to reconsider whether they are at a commercial disadvantage to the world's twelfth largest insurer following the deal. On Thursday Aviva announced it had taken a majority stake in robo-investor Wealthify. The insurer said the move was part of its strategy to build customer loyalty by providing a wide range of insurance and investment services managed through its digital My Aviva hub.   McKenna said competitors would be wondering if they had "missed a trick" and would not want to remain on the back f...

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 Technology

Are AI tools the new robo advisers?

Are AI tools the new robo advisers?

Reform not replacement

Laura Miller
clock 07 April 2026 • 8 min read
Why the integration of AI in financial advice should focus on workflows, not wow‑factor

Why the integration of AI in financial advice should focus on workflows, not wow‑factor

'The biggest demand is not for more insights, but for less administration'

Mark Rendle
clock 31 March 2026 • 4 min read
Could a Linkedin AI platform be financial advisers' 'best kept secret'?

Could a Linkedin AI platform be financial advisers' 'best kept secret'?

Calm Authority built by financial planners for advisers

Sophia Panayi
clock 30 March 2026 • 3 min read