Aviva has launched the option of adding ongoing adviser charging to its new and existing investment bond contracts.
Advisers can choose from initial and ongoing adviser charges on a regular, single or transfer basis. These are available as a fixed charge or a percentage of the initial premium.
Although already available on pensions, annuities and retirement plans, it is now available on all new bond applications via the Aviva Select Investment bond and a range of existing bonds.
To apply for a ongoing adviser charge to a new or existing bond policy, advisers should send Aviva a completed Adviser Charge Agreement signed by the policyholder and an illustration showing the effect of the charges on projected growth rates.
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Tim Orton, product director for Aviva Pensions & Investments, said: "Ongoing adviser charging is already available and very popular on many of our products, so introducing it on our investment bonds was a critical development for us. It also demonstrates our continued commitment to supporting advisers in their transition to a fee-based post-RDR environment.
"In an attempt to make it as open and transparent as possible, there is a range of fee options, so advisers can choose an option best suited to them and their client and gives them control over their own charging structure."
Mr Orton said advisers would be able to get quotes and apply online for new business applications later this year.

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