Aviva

Aviva is to stop offering direct investment and protection advice for its customers from 31 May.

The Consumer Insurance Act is the first formal change in law in this space for more than 100 years. Paul Dalgliesh looks at the implications for insurers and advisers.

Aviva is to cut more than 6% of its global workforce with 2000 roles across the UK, Europe and Asia being made redundant.

Advisers are showing increasing interest in restricted advice models, but the majority are still trading with independent models, Aviva has reported.

Industry experts are calling for the formation of a specialist trade body to fill the need in the protection industry for a unified voice.

Aviva has opened its platform proposition to all advisers registered on the Aviva for Advisers (A4A) website.

A protection products aggregator for advisers and online distributors has launched a universal application for protection insurance.

Beagle Street's critical illness plan offers 23 conditions including children's cover up to £25,000. The definitions abide strictly by the ABI model wordings and aims to be a low-cost simple, direct to consumer plan.

Take a look back at the top six most read stories on COVER this week.

Aviva has added second opinion and practical guidance services to its critical illness products for adviser client policyholders.