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Aviva to fine tune platform drawdown features over summer

Mike Hogg

Aviva says it is focused on the completion of drawdown and investment features on its platform over the summer.

Head of platform propositions Mike Hogg shed light on how developments at the platform are progressing in an interview with Money Marketing.

He says the provider has been working on the improvement of drawdown functionality, investment proposition and client reporting.

Hogg explains the Aviva is fine tuning the drawdown process so it offers maximum flexibility in terms of the tax treatment of income.

The platform is also looking to offer multiple model portfolios within a single product to remove the manual effort and risk of error that exists in managing a retirement portfolio.

When both of these are finished over the summer Aviva wants to focus on developing technology to support some more advanced features on the platform.

Hogg adds: “Longer term we are thinking about how we can make it easier for advisers to help clients manage withdrawal rates and manage sequence risks through appropriate investments in assets.

“We also want to look at if we can help advisers decide what they want clients to do for themselves and where they want to add value to them.”

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