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

Half of advisers use technology for Consumer Duty compliance

Half of advisers use technology for Consumer Duty compliance

Advisers not aware of digital tools that can help

Sophia Panayi
clock 04 September 2026 • 2 min read
The human advantage: Why better AI raises the value of good advice

The human advantage: Why better AI raises the value of good advice

Raising the standard of understanding

Elly Dowding and Lee Coates
clock 04 September 2026 • 4 min read
Marloo adds Morningstar research and data to AI platform

Marloo adds Morningstar research and data to AI platform

Available to UK adviser users

Sophia Panayi
clock 02 September 2026 • 1 min read