The past year has flown by. Since I wrote my November 2021 cover story about consolidation in the IFA space, a lot has happened. Perhaps the most headline-grabbing deal of 2022 was Aviva’s purchase of Succession Wealth for £385m. Aviva’s thinking was obvious it wanted to boost its presence in the advice market.
Customers need to understand what they are getting, and the difference between independent and restricted advice. And, ultimately, customer outcomes must remain at the centre of any tie-ups.