Aviva Platform

The Aviva Platform is an online portfolio management service that offers a choice of three portfolios and a wide range of funds to meet the varying needs of your clients.


Introducing Aviva Platform

With the Aviva Platform you can keep all your clients' investments in one place, making them easy to manage.

In addition, the Aviva Platform offers you and your clients:

  • a choice of product portfolios
  • around 2,800 collective investment funds from more than 90 fund managers
  • online portfolio and client management
  • clear, transparent charging
  • online illustrations and applications
  • consolidated adviser charges
  • online income drawdown
  • comprehensive training and support material
  • back office links (currently with Avelo and Intelliflo)
  • access to share dealing
  • commercial property investments
  • investment in structured products

The Aviva Platform also comes with a range of reporting tools, including client reporting. This will help you deliver a high quality service to your clients and meet your regulatory requirements.

We’ve put together a guide that tells you everything you need to know about the Aviva Platform and due diligence.

 

The Aviva Platform is designed to help make your business more efficient and your clients' investments easier to manage.

It's straightforward to use, offers a wide choice of investments and makes receiving your fees simple and pain-free. And because it comes from Aviva, a name your clients will know, they're likely to be more inclined to sign up to the Aviva Platform.

Efficient client management

The Aviva Platform offers:

  • a cash account within each portfolio to handle all money going in and out
  • a straightforward contribution system, accepting initial payments by cheque, and regular monthly, quarterly, half yearly or yearly contributions by direct debit
  • simple switching between funds and portfolios
  • regular withdrawals on a monthly, quarterly, half yearly or yearly basis (subject to regulation)
  • online income drawdown, offering maximum flexibility to your clients when taking a retirement income.

Wide investment choice

The Aviva Platform also offers:

  • around 2,800 collective investment funds from more than 90 fund managers, including many with discounted initial and annual management charges
  • equities quoted on the FTSE All-Share Index and the Alternative Investment Market
  • investment trusts and Exchange Traded Funds
  • direct investment in commercial property within the pension portfolio
  • investment in structured products.

Easy to manage online

With the Aviva Platform, you get a comprehensive, easy to use management system with these features:

  • valuations
  • online Illustrations and applications
  • portfolio rebalancing
  • client correspondence
  • fund and investment research
  • bulk switching functionality
  • trading
  • investment profiles
  • online reporting, including client reporting
  • online income drawdown
  • back office functionality (currently Avelo and Intelliflo).

Simple adviser remuneration

With the Aviva Platform, you can simplify the payments you receive.

When you bring your clients and their portfolios on to the Aviva Platform, you can consolidate your adviser charges into a single monthly statement and payment.

The Aviva Platform is clear and transparent for clients. It also lets you:

  • see all payments in one place
  • choose the level of fees you agree with your clients.

We also have a guide to help you with due diligence.

We’ve got three portfolios your clients can invest in:

  • Investment Portfolio
  • ISA Portfolio
  • Pension Portfolio

Investment Portfolio

Our Investment Portfolio lets your clients choose from a wide range of collective investments, structured products and equities from all key investment sectors. All in all, it offers around 2,800 funds from over 80 fund managers.

Investment Portfolio
Minimum initial contribution or transfer £1,000
Maximum initial contribution or transfer No maximum
Minimum regular contributions £50
Maximum regular contributions No maximum
Minimum additional lump sum £1,000
Maximum additional lump sum No maximum
Minimum regular withdrawal £50
Minimum encashment £500
Minimum fund switch No minimum
Minimum transfer between product portfolios £1,000
Minimum account balance £250
Minimum fund balance per fund £50

Download the Key Features document for the Investment Portfolio

ISA Portfolio

With our tax-efficient ISA Portfolio, clients can invest in collective investments, structured products and equities through a stocks and shares ISA. Your clients can transfer ISAs from current and previous tax years, consolidating them all on the Aviva Platform.

ISA Portfolio
Maximum total lump sum and regular contributions

£11,520 (2013/2014 tax year)

£11,880 (2014/2015 tax year)

Maximum transfer
No maximum
Minimum initial contribution or transfer £1,000
Minimum regular contribution £50
Minimum additional lump sum £1,000
Minimum regular withdrawal £50
Minimum encashment £500
Minimum fund switch No minimum
Minimum transfer between product portfolios £1,000
Minimum account balance £250
Minimum fund balance per fund £50

Download the Key Features document for the ISA Portfolio

Pension Portfolio

Flexible and tax-efficient, the Pension Portfolio offers your clients a Self-Invested Personal Pension plan, open to anyone over the age of 18.

With the Pension Portfolio, your clients can put their money in a broad range of investments, including over 2,800 funds, equities, structured products, investment trusts and commercial property.

There are three different levels to Pension Portfolio: core, choice and flex, each with its own investment options and charges. Depending on your client's attitude to risk, the investment choices you make will determine which level is most suitable for them. Read more about Pension Portfolio.

Pension Portfolio
Minimum initial contribution or transfer £5,000 (including tax relief) (£1,000 if regular payments are being made)
Maximum initial contribution or transfer No maximum (tax relief for contributions is only available up to specific HMRC limits)
Minimum regular contribution £100 a month (including tax relief)
Maximum regular contributions No maximum (tax relief for contributions is only available up to specific HMRC limits)
Minimum additional lump sum £1,000
Maximum additional lump sum Subject to HMRC limits
Minimum fund switch account No minimum
Minimum account balance £250
Minimum fund balance per fund £50

Download the Key Features document for the Pension Portfolio

Any client investments in the Investment or ISA Portfolios are included in the Pension Portfolio charges calculation. The client may receive a discount on their Pension Portfolio charges, depending on the amount invested.


The Aviva Platform has a clear and transparent charging structure, with the cost of portfolios, investments and advice all clearly disclosed.

This gives you two major benefits:

  • Your clients will understand exactly what they're paying for.
  • You can make sure you’re meeting your regulatory requirements.

Clients investing in commercial property through the Pension Portfolio will have to pay an additional charge. For up-to-date information about this charge, please go to www.suffolklife.co.uk/aviva

Type of charge Details
Annual management charges
Portfolio value Pension Portfolio ISA Portfolio Investment Portfolio
From To Core Choice/Flex
£0 £29,999.99 0.35% 0.40% 0.25% 0.25%
£30,000 £249,999.99 0.30% 0.35% 0.25% 0.25%
£250,000

£399,999.99

0.20% 0.25% 0.25% 0.25%
£400,000 + 0.10% 0.15% 0.15% 0.15%
  • The charges apply to new clients registering for an Aviva Platform account.
  • The charges apply for as long as your client holds the Aviva Platform account.
    Please keep in mind that, under the terms and conditions of each portfolio, we may sometimes change charges in certain limited circumstances.
Fund manager charges This varies depending on the funds your client chooses. Most funds have discounted initial and annual management charges.
Equity dealing charges Equity dealing charges vary depending on the size of the deal:

  • up to £15,000 – flat dealing charge of £25
  • £15,001 to £30,000 – flat dealing charge of £35
  • above £30,000 – flat dealing charge of £50.
There is also a charge of £10 for each type or class of share for transferring shares in or out.
Commercial property charges

Clients investing in commercial property through the Pension Portfolio will have to pay an additional charge. For up-to-date information about this charge, please go to www.suffolklife.co.uk/aviva

Income drawdown charges
  • There is an annual drawdown charge of £100 per post-retirement account.
  • With the flexible income drawdown option there is a £200 charge if the combined value in clients' pre and post-retirement accounts fall below £10,000 due to a single withdrawal during the first 12 months of the flexible drawdown starting.
Adviser charges The Aviva Platform gives you a wide and flexible choice of charging options:

  • You can agree an initial charge (in 0.01% increments) on all of the payments your client makes onto the platform. We deduct the charge from your client’s portfolio on a one-for-one basis from the client premium (after any tax relief).
  • You can also charge your clients (in 0.01% increments) for the ongoing management of their portfolios. We take this charge from their portfolio each month.
Structured products
  • The providers structured product literature will show the charges which apply to specific structured product plans.
  • The structured product also attracts an Aviva annual management charge.

Please read the Aviva Platform charges and investment limits document to find out more about charges.

With the Aviva Platform, we want to enhance your day-to-day business, not complicate it. Watch five of our senior people talk about how we've improved the platform with you in mind.

Andy Beswick, Director of intermediary - Acting on your feedback

Phil Ralli, Head of platform proposition - Working for all platform users

Billy Burnside, Head of e-business - Putting everything in one place


Matt Stirland, Head of sales and technical support - Making life easier for you

Phil Ralli, Head of platform proposition - Continual improvement

Paula Whitwell-Lumsden, Head of operations for pensions and investments - A bigger, better support team for you

Billy Burnside, Head of e-business - Continual improvement programme

Don’t just take our word for it. Hear advisers talk about how the Aviva Platform has proved an excellent choice for them and their clients.

Hear what Mike Arias of Aspect8 has to say about how the Aviva Platform works for his business and his clients. Aspect8 are winners of the Aberdeen Platform Awards 2014 Leading Adviser Business with over 10 IFAs award, and a member of the Best Practice network which won Best Network at the Money Marketing Awards 2014.

Darryl Tribbeck at Informed Financial Advice talks about how the Aviva Platform has created efficiencies for his business.



 

Next steps

Experience the Aviva Platform with a free demonstration

Contact us and one of our consultants will be happy to arrange an appointment that suits you.

Please call 0845 075 6655 (lines are open 8:30am to 5:30pm, Monday to Friday).

You can also email us at platformservices@aviva.co.uk

WA03226