Onshore Bond

Welcome to this Aviva Platform demonstration. In this video, we’ll walk through the complete quote and apply journey for an individual onshore bond — from creating the quote to submitting the application and uploading the client declaration. 

We begin in the Quotations area of the Aviva Platform. After selecting the Onshore Bond product, you’ll see the option to add regular withdrawals. If the case includes regular withdrawals, tick the “Add regular withdrawals” button. If not, simply leave this unticked. Your firm name appears automatically, so you only need to select the adviser and enter the client’s core details.  

Next, enter the life assured information. If the life assured is the same as the client already entered, selecting “Yes” will automatically pull their details through. If the life assured is different, you can either search for them or add a new client record using the “Add a new client” option.  

Now, enter the details of the ongoing advice charge, which can be expressed as a percentage or in pounds and pence. In this example, there’s no ongoing advice charge. The client is making a single payment, so we enter the contribution amount — for example £100,000. We then input the initial advice charge, which in this demonstration is 1%.  

Next, move on to asset selection. Here, you can choose from advisory or discretionary model portfolios, individual funds, loose assets, or combinations of these. If selecting a model portfolio, you can search for this by name. In this demonstration, a Baillie Gifford fund is added by pasting in its ISIN code; the system locates it automatically, select it, click Add, and then set the allocation to 100%. It’s important to note that the onshore bond doesn’t offer cash as an investment choice — the only cash present is the transactional cash account used for fees and charges.  

The platform now generates the full illustration and accompanying documents, including fund fact sheets, key investor information, charges information, key features, terms and conditions, and the client declaration. A quote reference is created, allowing the adviser to return to this quote if the client wishes to go ahead.  

When ready to proceed — and once the client declaration has been completed, signed, and scanned into your back office — you can begin the application. To do this, return to the illustration section, retrieve the quote, and click Apply.  

Clicking Apply activates Aviva’s quote-to-apply process, pulling all previously entered information straight into the application form. The system first asks whether the client type is individual, trust, or corporate. Trusts and corporates must be completed using paper applications. With Individual selected, confirm whether the bond is single life or joint life. The client’s name and date of birth have been prefilled. Complete the remaining personal details, including National Insurance number, phone number, and address via postcode lookup or manual entry. Confirm whether the client has moved within the past three months and whether correspondence should be sent to the same address. Nationality, dual nationality, tax residency, and foreign tax identification details can also be entered here if applicable. 

We confirm that financial advice has been given, which is a requirement on the advised platform. The ongoing adviser charge — none in this example — is already populated correctly. The system then asks whether to activate Cash Management, a feature that automatically disinvests around six months’ estimated charges to reduce frequent trading. There is no default selection, you must actively choose.  

The £100,000 single contribution has been pulled through automatically from the illustration. We then complete the payment method, and client’s background details, including employment status, employer name, occupation, origin of funds such as inheritance, and the client’s income tax band. The 1% initial adviser charge is also prefilled based on the earlier quote.  

The Baillie Gifford fund selected during the quote stage appears automatically, so no re-entry is required. We simply confirm the 100% allocation. Dividends on the onshore bond are always reinvested, so there is no dividend election option available.   

You now arrive at the Summary page. The case is saved but not yet submitted, which allows colleagues or compliance to review it before final submission. Once everything has been checked and confirmed, click Submit Application. The platform then generates the AV Plan number, and Aviva bank details for payment. If the payment is to be made by cheque, a remittance advice slip will be generated which needs to be completed and sent with the cheque.  You will also be provided with the charges schedule, confirmation schedule, post-sale illustration, fund documents, terms and conditions, and key features.

On this page, the signed client declaration must be uploaded. In the Correspondence area, choose Add New Document, select Product Declaration, confirm that the signed declaration has been received, upload the file, and save it. The declaration is then stored in the client’s product library.  

Finally, return to the Portfolio Summary, where the new onshore bond now appears. Under Pending Transactions, you can see the £100,000 commitment, alongside the pending investment of £99,000 once the advice fee has been deducted, which will be invested into the Baillie Gifford fund.  This concludes the full demonstration of the Aviva Onshore Bond journey.  

Thank you for choosing Aviva. 

LF50635 03/2026

Welcome to this guided walkthrough of the Onshore Bond – Individual Trustee Application Form.  In the next few minutes, we’ll take you through each section of the form and share useful guidance to help make sure your submission is complete and processed without delay.

In section 1, enter the trust name and the date it was created. Make sure the name clearly identifies the settlor or family rather than using anything too generic.

Then, enter the trust’s correspondence address. This is where we’ll send important documents, including confirmation schedules and login details.

You’ll then need to add the details for each living settlor - the individuals transferring assets into the trust. For each settlor, include their occupation and income.

If someone is both a settlor and a trustee, you only need to enter their information once in the settlor section.

After completing the settlor information, move on to any trustees who haven’t already been listed. Trustees are the individuals legally responsible for holding and managing the trust assets. Add their personal details and confirm whether they need online access. Trustees receive read‑only FNZ access, with passwords updated every 90 days for security.

All trustees and settlors must be UK residents for tax purposes.

Enter the nature of the trust and if relevant classes of beneficiaries.

In section 2, list all living named beneficiaries - those entitled to benefit from the income or capital, held within the trust.

Include their full name, date of birth, address, National Insurance number, email address, and telephone number. Classes of beneficiaries should not be included in this section.

Section 3 outlines the lives assured.

Every Onshore Bond must have at least one life assured – the individual covered by the life policy. The form includes space for up to four, and you can add more on a separate sheet, up to a maximum of ten.

For each life assured, include the required information, as well as their relationship to the policyholder.

Please note –

·       There is no minimum age for a life assured, and the maximum age is 89.

·       They don’t need to provide a National Insurance number

·       They do not need to sign the form and may live outside the UK

In section 4, confirm how much you plan to invest. The minimum for an Onshore Bond is £10,000.

Then let us know how payment will be made — but please don’t send any money until the bond has been set up and an account number has been issued.

Provide details of source of wealth and source of funds.

Then let us know how the funds should be invested. The asset allocation should total 100%.

If regular withdrawals are required, enter the amount in section 5, how often they should be paid, and your preferred payment date.

Next, confirm that all trustees are UK resident for tax purposes.

If any trustee is also tax resident elsewhere, provide full details and their tax identification numbers.

Section 7 confirms the charges agreed with the financial adviser.

Initial charges are deducted before investment, and ongoing charges are taken monthly.

After that, review the financial crime and privacy notice.
Once this is complete, all trustees must read, sign, and date the declaration. The signing date must be on or after the date the trust was created.

If a settlor is also a trustee, they must sign both as settlor and as trustee.

Once the form is complete, please send:

•           the application,

•           the trust document, and

•           your evidence of source of wealth to onshorebond@aviva.com.

After we’ve carried out all checks, we’ll set up the bond.

Trustees who requested online access will receive login details, and the adviser will receive the account number.

Once payment is received, we’ll issue confirmation documents and the right‑to‑cancel information.

Before we finish, there are a few important points you need to be aware of

•           For the application we can accept electronic signatures from approved e‑signature providers, as long as the full audit trail is included.

•           For the Trust documents we require a wet signature. Electronic signatures are not permitted

•           For underwritten Discounted Gift Trusts, please send the life expectancy assessment form before dating any application or trust document.

•           Evidence of trust registration must be provided within 90 days — and before any regular withdrawals can start.

Thank you for choosing Aviva.

LF50634 03/2026