Aviva Platform frequently asked questions

We automatically pay gross for asset groups that moved to paying gross income following the change in tax rules from April 2017. For asset groups still issuing dividends net of tax, we make gross payments to your clients. We then reclaim the tax from HMRC on both the ISA Portfolio and the Pension Portfolio.

No, we only offer sterling denominated assets.

CHAPS payments may be unsuitable for pooled accounts due to some banks requiring specific customer details in order to allocate to the correct customer.

You can select BACS as the method of payment instead.

No, this isn’t possible. Fees are deducted from product cash where there is enough cash available to cover the charges.

Where there isn’t enough product cash, disinvestment will trigger in line with the model set up.

No, you can’t select specific assets (including model cash) to disinvest to pay income. The system will disinvest in line with the model set up.

If you want your client's withdrawal to be made from product cash, please make sure you specify this as part of the regular withdrawal process or edit existing regular withdrawals on the system.

Our model portfolios are effectively treated as a “Fund of Funds” which means all individual assets within the model can only be traded at that model level. To amend the assets within a model simply use the “edit” function to edit any existing portfolio to make the necessary changes.

To amend a model on an individual client basis use the copy function to create a new model and make the necessary changes. The client can then be switched into the new model.

Unfortunately we cannot accept an inherited pension from a non-UK resident.

'Product cash' means any cash held in the product Cash Account.

'Model cash' is cash held in a model portfolio. A model portfolio is treated as an asset in its own right. It can be added to the account’s asset allocation, where a percentage is specified. You can have all of the account invested in the model, or just a portion. You can also assign more than one model to an account. Any cash allotted to the model is there for asset allocation purposes and can't be used to fund charges and withdrawals. Where there is no product cash available within the account, the system will sell down proportionately from the model assets.

We do not insist on a set amount of cash to be held as product cash, but this is a good approach to prevent disinvestment occurring from a model portfolio.

However each firm must make their own choice on cash allocation, whether Product or Model Cash.

Yes, you can pre-populate applications from a quote. We’ve also streamlined online existing business processes, designed to save you time.

You can choose whether:

• you want these handled so that the platform proportionately splits across all assets or
• You want the system to use money in or out to rebalance the client holdings.
  

Because this is set at model level, if you want to treat two clients differently, you'll need to create two different versions of the model portfolio.

Corporate clients, trustees, Power of Attorney clients and adviser-branded clients can contact our Platform Services team to set up their platform access:
0800 056 2026
advisedplatform@aviva.com

The transfer tracker, which can be accessed via the Platform Services tab, will give you the latest updates on the status of your clients' transfers.

You can move multiple clients via the ‘Platform Services’ tab and then clicking on the “Bulk Switch” icon.

You will need to select the model to switch from and to, and any clients to exclude.

This process will use the Smart Switch process to prevent common assets being sold and re-bought.

To register, please ask your client to visit our customer site .
They'll need to register using an activation code (if they've been sent one). Otherwise they can simply use their AV account number.
You can find your client's AVXXXX account number by going into 'Platform Services', and generating a 'client by adviser report' under 'Business reporting'.

There's also a client MyAviva user guide.

There is currently no functionality to print details of model portfolios, but you can screen-print the page using 'Ctrl+Print Screen' or 'Ctrl+P'.

The way to validate they have been completed is to wait for the unit statement to show within the client correspondence section (usually T+4). If you are moving from a Model to another Model the model name will change on the next business day.

Your client will only pay charges for the assets held in each model, regardless of the total value of the portfolio. You can hold multiple models within a single wrapper, mixing and matching between your own and those managed by a Discretionary Investment Manager. All of this gives you and your clients greater flexibility over investments.

Your model portfolios can be located via the ‘Platform Services’ tab and clicking on ‘Model Portfolios’. Only adviser-created models are accessible through ‘Platform Services’ and any Discretionary Investment Manager (DIM) models will be visible when running an illustration.

When completing a quote, all available model portfolios (including DIM models) can be found at the asset selection stage.

The cash will be available for use once the trade is settled.

Yes, you can give both of them access on a read-only basis. You will be able to set this up with your regional support team.

For Pension Portfolio payments in (excluding transfers):
Aviva Pension Trustees UK Limited Client Money Collection
Sort code: 40-02-50
Account number: 01357689

For Pension Portfolio transfers in:
Aviva Pension Trustees UK Limited Client Money Transfer
Sort code: 40-02-50
Account number: 21357719

Investment Portfolio and ISA Portfolio payments in (excluding transfers):
Aviva Wrap UK Limited Client Money Collection
Sort code: 40-02-50
Account number: 21357735

Investment Portfolio and ISA Portfolio transfers in:
Aviva Wrap UK Limited Client Money
Transfer Sort code: 40-02-50
Account number: 61357751

Please redirect the regular contribution before trading.

If purchases are in progress you may want to wait for these to settle before processing the switch.

We have had isolated reports that this generates a new Direct Debit advance notification, however there is no impact on the client.

Your client can call our MyAviva helpdesk on 0808 1010 860 or email myaccount@aviva.com.

The Smart Switch process was introduced on the Aviva Platform to prevent common assets being sold and re-bought when switching between models. Smart Switch will only work with model to model trades. If the trades include individual assets this will be carried out as a standard switch.

Where a Bank Holiday falls on a Monday, calculations will run one business day earlier (i.e. Friday).This means that adviser charge fees will be calculated for Tuesday-Friday (and not Tuesday-Monday as usual) and statements will be generated on Saturday morning. BACS payments will be triggered on the Tuesday following the Bank Holiday Monday, as usual, and paid from Thursday to adviser bank accounts.

The following week’s remuneration calculation and statement run will therefore cover the period Saturday (before the Bank Holiday) to the following Monday due to the previous week’s truncated calculation. BACS files will be triggered on the Tuesday for payment from Thursday as normal.

Please visit the Aviva Platform training hub where you will find guides that provide details of our signature-lite process.

See our product pages

There's a wide range of training materials, including videos and guides, on our training hub. We recommend you bookmark this page for future reference.

Permission to a model is granted on a model by model basis. If you cannot see the model you want to invest in, it may be that you have not got permission to the model. You will need to contact the Discretionary Investment Manager for them to grant you permission.

The 'none' refers to the fact that there is no rebalancing set on the model.

Occasionally quotes can take a while to load due to the number being produced within the system. Try pressing the F5 key, in some cases the illustration then generates without having to wait.

Occasionally quotes can take a while to load due to how many are being produced within the system. Try pressing the F5 key, in some cases the illustration then generates without having to wait.

Free text is controlled by the Aviva operations team who can override the standard text. This is used to provide more case-specific notes.

Aviva is committed to working with advisers and we encourage clients to discuss their policy and future financial needs with their advisers. We won’t cross-sell any products that you already help clients with.

Find out more about MyAviva