View more on these topics

Aviva removes initial charge on platform

Aviva is removing the 0.5 per cent initial charge on its platform.

The move comes two weeks after Aviva reopened its wrap for new business seven months later than expected.

From February 15 until the end of 2010, there will be no initial charge on any new contributions invested in any Aviva wrap portfolios.

Aviva is also adding 13 funds to its wrap and Sipp.

Aviva head of investments marketing Anthony Rafferty says: “By removing initial charges and extending the range of funds available to advisers and their clients, we are making it easier for them to build a diversified portfolio from a wide range of asset classes managed by an extensive list of fund managers. Our aim is to have 2,000 funds on Aviva wrap and Sipp by the end of 2010.”

Last month, Moneymarketing.co.uk revealed that Axa is removing the 1.5 per cent initial charge on the bundled pricing model of its Elevate platform.

However, a 0.5 per cent charge will remain on its explicit charging option.

Recommended

1

Forced measures

Do you agree with the Conservatives’ proposal to scrap forced annuitisation at age 75? Interview by Gregor Watt

BoE: Easing on hold

Industry backs calling a halt to QE programme

Financial services commentators have welcomed the Bank of England monetary policy committee’s decision last week to suspend the quantitative easing policy. The MPC voted to halt the £200bn QE programme and hold bank rate at 0.5 per cent for the 11th consecutive month. Bestinvest senior investment adviser Adrian Lowcock says: “This is a sensible approach […]

employee-focus-group

Five ways to make your employee focus group session a success

by Debra Corey, group reward director  You just planned and booked what you thought was the perfect vacation for you and your family. You call everyone together to share the great news and instead of receiving sounds of glee and delight, you receive groans and complaints.Your youngest says: “I hate beaches, didn’t you know that?” (You think to […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment