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  Select Investment (bond)

A medium to long-term investment bond, Select Investment gives your clients access to a wide range of funds. Your clients can invest for growth, income or a combination of both.

Quote and apply

Investment in Select Investment starts from £10,000 and depending on your client's circumstances, could be a tax-efficient way to invest.

Reasons to choose Select Investment


  • We're a leading provider of Life and Pensions products holding a financial strength rating of A+ "Stable" from ratings agency Standard & Poor's.
  • Investment choice - with access to a wide range of funds across fund sectors and the risk spectrum from Aviva Investors and other leading fund houses.
  • A range of unit-linked and with-profits funds with valuable guarantees.
  • Simple, transparent charging structure with no early exit charges. No reduced allocation for older clients.
  • Annual management charge discounts.
  • Flexible investment options whether your client is looking for growth, an income or both.
  • Clients have access to a range of tax efficient withdrawal options.
  • Potential tax benefits for basic and higher rate tax paying clients.
  • Access to our wide range of trust options to help minimise inheritance tax liability.
  • Choice of adviser charging options for you and your clients.

You can find further information in our Select Investment Growth and Income Option Key Features document.

The value of investments can go down as well as up and investors may not get back what they put in. Tax rules may change in the future.

Facts and figures at a glance


Select Investment

Minimum/ maximum investment

£10,000 minimum with no maximum (except for with-profits investments where the maximum is £1,000,000).

Age limits

12-85
We need the signature of a parent or guardian for investors aged between 12 and 15.

Allocation rates

100% allocation rate for all ages.

Number of segments

250 maximum, each with a minimum investment of £500.

Fund range

Ability to invest in up to 10 different funds from a wide range of internally and externally managed funds (Series 4).

Guaranteed funds charges

Guaranteed 100 Fund: 0.50% a year

With-Profit (8 year) Guarantee 1: 0.70% a year

Guaranteed 90 Fund: 0.35% a year

With-profit (9 year) Guarantee 1: 0.60% a year

 

With-Profit (10 year) Guarantee 1: 0.50% a year

These are five-year guarantees and the guarantee only applies on the fifth anniversary. Click here for further details.

The guarantees only apply on the guarantee anniversary detailed in the fund name, and the 30 days before and after it.

Death benefit

The amount we pay out depends on the funds your client invests in. We'll pay at least 100.1% of the value of the units held in the bond at the time of death.

Switching

Unlimited, free, online switching.
There may be restrictions on switches from certain funds. Please see the policy Terms and Conditions for further information.

Early exit charges

No early exit charges.

Regular withdrawals

May be payable monthly, quarterly, half yearly or yearly. (Minimum £50).

Income

May be payable monthly, quarterly, termly, half yearly or yearly. Income applies to the Distribution 2 Fund only.

Charges

Annual management charge.  We take the annual management charge by cancelling units.  We calculate it as a percentage of the number of units held at the end of the last day of the previous month.

£10,000 - £24,999

1.10%

£25,000 - £49,999

0.75%

£50,000 - £99,999

0.60%

£100,000 - £249,999

0.50%

£250,000 - £499,999

0.45%

£500,000 plus

0.40%

For some funds, there may also be an extra management charge and/or a fund management expense charge (FMEC).

Additional fund charges

 0.00% - 1.60% a year as of 30 April 2016.  

Additional charges may apply for some of the funds available.  These may include an extra management charge and a fund management expense charge (FMEC).  FMECs may vary from year to year.  The latest charges for funds can be found at our Fund Centre.

Aggregated terms

Your clients can't make additional investments into Select Investment. However, if they take out an additional investment bond, we'll base the annual management charge on the total amount invested.

Adviser remuneration

Adviser charging - initial and ongoing advice charges.

Distributor deals

We may offer a reduced annual management charge for selected distributors.

Customer deals

We may offer a reduced annual management charge on individual cases for investments over £100,000.

Who is Select Investment suitable for?


  • Clients who have a lump sum of at least £10,000 to invest.
  • Clients who have used their ISA allowance.
  • Clients who want to invest in funds that cater for a wide range of risk appetites.
  • Clients who are looking for an investment that provides some funds with guarantees.
  • Clients who are comfortable that their investment may rise and fall in value over time.
  • Clients who understand there is a risk they may not get back what they invested.
  • Clients who want the flexibility to invest for growth, income or both.

 Helping you carry out your daily business


We've got plenty of online support for you as you run your day-to-day business. You can log onto Aviva for Advisers and:

  • get policy information, including valuations
  • create client reports and portfolio analysis
  • identify funds for client switching
  • perform online fund switches without a wet signature
  • see recent client documentation.
Online services
 Secure services

  • Quote and apply online for Select Investment

  • track submitted business, checking status, contract, premium and fund details

  • Make plan enquiries

  • Retrieve and edit saved quotes and partially completed application forms

  • Download case details for your records

My Clients

Available on secure services:

  • Policies available within 24 hours of start date

  • See all client's policies together in one place

  • Policy overview, including start dates, lives assured and premium details

  • Valuation at policy and fund level

  • Transaction history showing withdrawals, premiums and charges

  • Create and maintain investment profiles

  • Switch and redirect funds online in bulk and for individuals

  • See your client's policy documents online

Fund centre

  • Access fund prices, performance, charges and risk ratings

  • Compare and chart performance at fund and sector level using the charting tool

  • See external fund ratings from Morningstar OBSR and Crown.

  • Search using industry standard fund codes: Sedol and ISIN

  • Extract fund details and performance data into a CSV file compatible with Excel.

  • Access all day, every day

Technical support centre

A one stop shop for technical content covering bonds:

  • Access financial planning articles

  • Trust and inheritance tax planning

  • Technical briefing notes

  • Industry best practice

 Library

Download literature anytime:

  • Brochures

  • Key features

  • Sales aids

  • Application forms

  • Servicing forms 

  • Business building support

 

 

Initial adviser charges


The initial adviser charge is deducted from the initial investment before the policy is set up.

Single adviser charge option 


A single charge can be taken from Select Investment on an ad-hoc basis.

Ongoing adviser charges


Where you've agreed an ongoing charge with your client, we can take the charge from your client's Select Investment bond on your behalf. As the charge is classed as a withdrawal it counts towards allowances for chargeable gains or market value reductions (MVRs). We can pay it to you whenever it suits you and your client.

Adviser charging option


We offer a range of options for how you can set up an ongoing adviser charge:

  • As a percentage of the initial premium
  • As a specified monetary amount
  • Taken proportionally across funds
  • Taken from specific funds
  • Paid monthly, quarterly, half yearly or annually on the 3rd day of the month
  • The first payment date can be deferred

For new business illustrations, quote and apply now. For existing policies view our Adviser charge agreement.

Contact us

You can find contact details for each product area in the drop-down list:

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WA03291 05/2017