Aviva

Aviva is introducing a platform charge of 0.15% for new customers with portfolios valued at more than £400,000.

Aviva chief financial officer (CFO) Pat Regan is to leave the company after three years to take up a post in Australia.

CHARGING

MOVERS & SHAKERS

Retirement Planner's round-up of the top pension stories this week.

Aviva has made changes to its critical illness (CI) cover - particularly concerning policyholders diagnosed with multiple sclerosis or who have had a stroke - with the aim of meeting more valid claims.

The current system of pension tax relief is "unfairly skewed" leaving those on modest earnings with little reward for saving into a pension, John Lawson has said.

Aviva chairman John McFarlane is to take up the same role at transport business First Group, Sky News reports, however Aviva have said he is not leaving the insurer.

The Aviva Platform has gone from strength to strength this year. We've worked hard to make it a sleek, responsive system that really helps adviser firms in their day-to-day business.

Steve Webb's move to ban commission and active member discounts is a ‘seismic' shift for providers and will drive a completely new business model for advisers, Aviva has said.