FT Adviser (23/05/2019) – Aviva is introducing new features to its adviser platform, including same day drawdown payments and the possibility of having multiple model portfolios within a single product, as it overcomes previous technology issues.
Mike Hogg, Aviva’s head of platform proposition, told FTAdviser the latest innovations, which will be rolled out over the summer, were driven by the introduction of the pension freedoms.
These meant that in the drawdown space, the platform is now seeing 80 per cent of its customers going into drawdown, up from 20 per cent previously.
Alan Chan, director and chartered financial planner at IFS Wealth & Pensions, said it’s “very encouraging to see these developments, which can only be a good thing for the end consumer”.
He added: “What it also does is demonstrate Aviva’s commitment to the platform market and they are here to stay.
“In my view they were always a bit behind the curve in the platform market, but these improvements should put them back on par and, barring any technology issues, they could now mount a real challenge to the big players.”
Full article link: https://www.ftadviser.com/platforms/2019/05/23/aviva-unveils-platform-changes/
