Aviva has introduced the option to add an on-going adviser charge to its new and existing investment bond contracts.
Adviser charging is available on some Aviva products including pensions, annuities and retirement plans and advisers can choose from initial and on-going adviser charges on a regular, single or transfer basis.
This has now been extended to include all new bond applications via the Aviva Select Investment bond and a range of existing bonds.
Advisers can choose from a fixed charge or a percentage of the initial premium.
Aviva pensions and investments product director Tim Orton says: “On-going adviser charging is already available and very popular on many of our products, so introducing it on our investment bonds was a critical development for us. It also demonstrates our continued commitment to supporting advisers in their transition to a fee based, post-RDR environment.
“In an attempt to make it as open and transparent as possible, there is a range of fee options, so advisers can choose an option best suited to both them and their client and gives them control over their own charging structure.
“Later this year, advisers will also be able to quote and apply online for new business applications which will include an on-going adviser charge.”