Aviva has written to advisers outlining its views on the challenges facing Mark Barnett, following a review of how he runs funds previously managed by Neil Woodford.
Due diligence: What does the regulator really want from advisers?
Under pressure: Will platforms struggle to cope with pension freedom?
Tim Orton, chief executive of Aviva's platform business, is aiming to double assets under administration (AUA) to £10bn by the end of 2015.
Aviva will consider another transformative acquisition once its takeover of Friends Life beds in, according to reports.
Aviva has agreed to buy Friends Life for £5.6bn in a deal that will create the UK's largest insurance, savings and asset management firm.
Aviva is to pay compensation to tens of thousands of investors in one of its funds who were erroneously led to believe their capital was protected.
Advisers' investment processes: A video debate
‘Why oh why would Aviva want to takeover Friends?' Industry reacts to deal talk
Clive Cowdery, the former head of Resolution and major shareholder at Friends Life, is set to walk away with £160m from the £5.6bn takeover deal announced on Friday.