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Aviva axes hospitality for financial advisers after FCA paper

Aviva axes hospitality for financial advisers after FCA paper

Aviva has stopped hosting hospitality events for financial advisers following the Financial Conduct Authority's (FCA) inducement paper.

Aviva made the decision to not host hospitality events for its 'life product distributors', who are mainly financial advisers, to comply with the regulator's final guidance on inducements, published in January.

An Aviva spokeswoman said: 'The FCA has issued guidance on its position on hospitality for distributors. Following this new clarification, we have decided not to host hospitality events for our life distributors. This is to ensure that both Aviva and our distributors adhere to the FCA's ruling on this matter.’

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Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

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