Aviva launches charging tier of 0.15% on adviser platform to attract larger pension pots

Previously, a tiered charging structure was in place up to £250,000 after which investors were subject to an AMC of 0.25%. The charge dropped to 0.20% on a core pension portfolio because of a 0.05% discount for insured funds. These charges will drop to 0.15% and 0.10%, respectively, from 17 February for new customers with fund values of more than £400,000 across all portfolios. Platform charges are taken on a tranche basis, meaning that a client who invests £500,000 in the ISA Portfolio or the Investment Portfolio, for example, will pay 0.25% on the first £400,000 and 0.15% on the rem...