- Access to over 6,000 funds and models
- Wide range of platform services
- Bonds again becoming mainstream choice in ensuring tax-efficient planning
Aviva has today announced the launch of its new onshore bond, now integrated with the Aviva Adviser Platform for the first time. This offers a great value tax-efficient wrapper, with access to over 6,000 funds and models, available to advisers and their clients. And, with access to Aviva’s Smooth Managed Fund coming soon, this provides investment options not widely available across the market.
The launch comes after testing with several advice firms over the last few months, which has ensured that the bond meets advisers’ needs.
The platform charge for the onshore bond is the same as Aviva’s ISA and investment portfolios: 0.25% on the value of all money held in Aviva platform products up to £400,000, and 0.15% above this threshold. There is no wrapper or product charge
A full range of trusts are available, including a Discounted Gift trust, Bare and Loan trusts and soon to be added flexible reversionary trust which meets the needs of those clients who require complete flexibility.
The new platform-integrated Bond demonstrates Aviva’s commitment to this market and to delivering the solutions advisers need to execute their advice through the platform.
Al Ward, Aviva’s Head of Adviser Platform, said: “The new platform-integrated Bond demonstrates Aviva’s commitment to this market and to delivering the solutions advisers need to execute their advice through the platform. Bonds never really went away but adding them to the platform enables wealth to be managed more efficiently and can reduce costs.
“In Aviva, we saw a 22% increase in new Bond business in 2024 over 2023. Bonds are an important part of the tax planning and advice process, and I believe this trend will only continue following recent changes to the tax regime.
“The extended freeze on the nil-rate Inheritance Tax band until 5th April, 2030, and the fact that inherited pensions will be brought into the calculation from April 2027 mean that more people will be looking at Inheritance Tax planning.
“For people facing an IHT liability or potentially paying tax on investments for the first time, Bonds can help ensure that money is held in the most tax-efficient way and in trust to control how and when wealth is distributed.”
The launch of Aviva’s new platform-integrated Onshore Bond, which replaces the off-platform Select Investment Growth and Income option bond. Work will continue throughout the year to maximise processing and servicing efficiency across the product portfolio, resulting in an improved user experience for advisers and their clients.
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Enquiries:
Catherine Comben
UK Insurance Media Relations
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Phone
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+44 (0) 7800 692 087
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Email
Notes to editors:
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