Trustee Investment Plan

Here are some of the features of our Trustee Investment Plan.

Designed for trustees of registered pension schemes who are looking to invest the pension scheme funds in a tax-efficient way. Tax rules may change in the future.
Trustees can choose from a range of 250 investment funds and over 30 external management groups.
Trustees can switch funds with no charge
Trustees can make ad hoc withdrawals at any time.
It’s simple to set up the plan with a single payment from an existing approved pension scheme.
For further information please see the Trustee Investment Plan key features (pdf).
The Trustee Investment Plan launched on 6 June 2011. For the earlier Millennium TIP click here.

Here are some of the key facts you need to know about our Trustee Investment Plan.

Criteria	Min/Max	Details	Notes
Payments	Min single payment to start the plan	£500,000	At least one single payment must be made from an existing approved pension scheme.
	Min additional payments	£50,000	One-off payments can be made into the plan at any time.
	Max investment in our With-Profit Fund	£1 million	The rules of the pension scheme will also control the amount that can be paid into the plan.

	Type	Details	Notes
Funds	Range of funds available	over 250	The range of funds includes Aviva’s With-Profit Fund, managed funds and specialised growth funds.
Funds	Investment choice	Up to 20 funds	Clients can invest in up to 20 funds at any one time and can switch funds without charge.

Here are the commission and charges for our Trustee Investment Plan.

	Type of charge	Detail	Notes
Charges	Annual fund charge	0.4%	Charge taken by cancellation of units.
	Additional fund charge		Additional Yearly Charges apply to some of the funds available to the TIP. A Fund Manager Expense Charge (FMEC) may also apply. Both charges are reflected in the daily unit price of each fund. You can see the latest fund range and charges in the fund guide.
	Charge for switching funds	Nil
	Fund based commission (FBC) charges	N/A	If FBC is selected, units to the value of the commission payment are cancelled each time a commission payment is made.

	Type of commission	Detail	Notes
Commission choices	Fund Based Commission	0.5% max	This is paid as a percentage of the fund value each year, available in 0.01% steps. Payable quarterly, starting three months after the commencement date

Here is some information to help you to decide if our Trustee Investment Plan is right for your client.

Designed for clients who	Not designed for clients who
Are Trustees of pension schemes registered with HM Revenue & Customs. Want to invest at least one single payment from an existing approved pension scheme. Want access to a wide range of investment funds. Are aware that the value of their investments can go down as well as up and they may get back less than the original investment.	Are employers or members of the pension scheme, looking to invest money directly

We have a wide range of support staff available to help you, View our contact details to find the right number that meets your needs.

Features