View more on these topics

Aviva launches group life master trust for SMEs


Aviva has launched a group life master trust to target small and medium-sized firms looking for simplified protection products.

The insurer says the master trust will allow it to write multiple group life business under a single trust.

The master trust will be available on both registered and expected group life policies meaning it can be offered to all types of employees, Aviva adds.

In addition, the product is offered through the group protection online system for any group life policies that cover between three and 100 lives.

Aviva group protection managing director Steve Bridger says: “Cost and resources can be a real barrier for smaller companies who want to offer their staff workplace benefits. Using a master trust can reduce the cost and the time spent setting up a benefit and managing it in the future.

“Through auto-enrolment, hundreds of thousands of companies are in the middle of setting up their workplace pension schemes. This may be spurring business owners to take a look at what other benefits they can offer their employees at the same time.”

Bridger adds: “Aviva is the first to cover an excepted group life policy under the master trust solution and I think many will see real value in our offering.”



L&G reports new Aviva protection products over legal ‘conflicts’

Insurers including Legal & General and Royal London are disputing whether Aviva’s new business protection products are allowable within tax rules, Money Marketing can reveal. Aviva launched two new products on the Aviva Life Protection Solutions platform last month including a “market first” relevant life insurance with the option to add critical illness cover. Money […]


Aviva Investors hires new CFO

Aviva Investors has hired former Standard Life director David Clayton as its chief financial officer, following the departure of Clifford Abrahams after just six months in the role. Clayton joined the company in December, coming from six years at Standard Life, where he was most recently director of group finance. Clayton will report to Tom […]


Aviva Investors to shut £194m European Property fund

Aviva Investors has suspended dealing in its European Property fund as it reveals plans to sell-off and close the fund following large outflows. The move follows a redemption request from a large investor to pull assets from the fund, the asset manager said in a letter to investors. Aviva Investors will liquidate the £194.2m fund, which is […]

FCA logo glass 620x430

FCA bans and fines ex-Aviva Investors analyst £139k

The FCA has fined and banned a former investment analyst at Aviva Investors for allocating preferable trades to fee-paying hedge funds. The regulator has banned Mothahir Miah and fined him £139,000 as he cherry picked trades for the funds he worked on between January 2010 and October 2012. Miah was authorised to trade on hedge fund […]

Help to buy – ISAs and LISAs

Melanie Tynan – Financial Capability Project Manager   House prices continue to rise in many parts of the UK with cities like Manchester recording increases of 6.6% and higher in the last year, according to the latest Hometrack house price index*. This can make it seem harder than ever for first-time buyers to get a foot […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and thought leadership.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm