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Top 10 FAQs Related To Aviva Advisor

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By InvestorPublished 3 years ago 8 min read
Top 10  FAQs Related To Aviva Advisor
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Q1. How do I contact Aviva pensions for advisers?

You can contact Aviva Pensions for advisers in a few different ways, depending on your preferred method of communication.

Phone: You can call Aviva's adviser support team at 0800 145 5684, which is available Monday to Friday from 8:30 am to 5:30 pm.

Email: You can email your inquiry to [email protected] and a member of the team will respond to your message as soon as possible.

Online Chat: You can use Aviva's online chat service to speak to a member of their adviser support team. Simply go to their website, click on the 'Contact Us' page, and select the 'Online Chat' option.

Postal Mail: You can write to Aviva at the following address: Aviva Life & Pensions UK Limited PO Box 520 Norwich, NR1 3WG United Kingdom

I hope this helps you to contact Aviva Pensions for advisers!

Q2. How much does Aviva for advisers charge?

The fees and charges for Aviva for advisers will depend on the specific products and services you are interested in. Generally, Aviva charges for its services in the form of ongoing charges, which are deducted from the value of the investment. The charges will vary depending on the specific product or investment you choose, as well as the level of service you require.

It's best to consult with Aviva directly or speak to a financial adviser who can help you understand the specific fees and charges associated with the products and services you are interested in. This will give you a better understanding of the costs and help you make an informed decision about whether Aviva is right for you.

Q3. How do I access my Aviva pension?

To access your Aviva pension, you will need to follow these steps:

Visit the Aviva website: Go to the Aviva website and click on the "Login" button in the top right corner of the homepage.

Enter your login details: Enter your username and password to log in to your Aviva account. If you haven't registered for an online account, you will need to do so first.

Find your pension: Once you're logged in, you should be able to see a list of your Aviva products, including your pension. Click on your pension to access its details.

Review your pension information: Once you have accessed your pension, you should be able to review important details such as your account balance, contribution history, and investment performance.

Make changes to your pension: Depending on the type of pension you have, you may be able to make changes to your contributions, investment choices, or retirement date. If you need help with these decisions, you may want to speak to a financial adviser.

If you have any difficulties accessing your Aviva pension, you can contact Aviva's customer service team for assistance.

Q4. Is Aviva's workplace pension any good?

Aviva is a well-established insurance and investment company, and its workplace pension products are generally well-regarded. Aviva offers a range of workplace pensions that are designed to meet the needs of different employers and their employees.

Some potential benefits of Aviva workplace pensions include:

Flexibility: Aviva offers a range of workplace pension options that can be tailored to meet the needs of different employers and their employees. This includes options for defined benefits, defined contributions, and group personal pensions.

Investment options: Aviva offers a wide range of investment options, including both active and passive funds. This can provide employees with greater flexibility in managing their pension investments.

Support and guidance: Aviva provides access to online tools and resources to help employees manage their pensions, as well as support and guidance from financial advisers and customer service representatives.

Competitive charges: Aviva's charges for workplace pensions are generally competitive when compared to other providers in the market.

Of course, the suitability of an Aviva workplace pension will depend on your specific needs and circumstances. It's important to do your own research and speak to a financial adviser to determine whether an Aviva workplace pension is a good choice for you.

Q5. Are pension advisors free?

Pension advisors may or may not be free, depending on the specific advisor and the services they provide.

Some pension advisors may offer free consultations or initial assessments to help you determine if their services are right for you. However, if you decide to engage their services for ongoing advice and support, they may charge fees for their expertise and time.

The fees charged by pension advisors can vary widely depending on factors such as the advisor's qualifications, the complexity of your financial situation, and the level of ongoing support you require. Some advisors charge a flat fee, while others may charge a percentage of your pension portfolio's value or an hourly rate.

It's essential to ask any potential pension advisor about their fees upfront, so you have a clear understanding of the costs involved before engaging their services. Additionally, it's worth noting that some pension advisors may receive commissions or other forms of compensation for recommending specific financial products, so it's important to understand any potential conflicts of interest as well.

Q6. Are pension advisors worth it?

Whether a pension advisor is worth it depends on individual circumstances and needs. Pension advisors can provide valuable expertise and guidance to help individuals make informed decisions about their retirement savings and planning. They can help you understand your options, evaluate your current financial situation, and develop a personalized retirement plan that aligns with your goals and risk tolerance.

However, it's important to keep in mind that pension advisors often charge fees for their services, and those fees can vary widely depending on the advisor and the services they provide. You'll want to evaluate the potential benefits of working with an advisor against the costs of doing so and compare different advisors and their fee structures to find one that is a good fit for your needs and budget.

Additionally, it's worth considering that there are many resources available for retirement planning and investment advice that don't involve hiring a pension advisor. Online resources, books, and educational courses can provide a wealth of information on retirement planning and investment strategies, and many employers offer retirement planning tools and resources as part of their benefits packages.

In summary, while pension advisors can provide valuable guidance and support for retirement planning, it's important to carefully consider your needs and budget, and explore all available resources before deciding whether to work with an advisor.

Q7. What is a good percentage to pay a financial advisor?

The percentage that you should pay a financial advisor will depend on several factors, including the services they provide, the complexity of your financial situation, and the advisor's level of experience and expertise.

As a general rule of thumb, financial advisors typically charge between 0.5% to 2% of the assets they manage for you. However, some advisors may charge a flat fee or an hourly rate for their services.

It's important to understand the fee structure of any financial advisor you are considering working with, as well as any potential conflicts of interest that could impact their recommendations. You should also consider the value that the advisor provides relative to the fees they charge, as well as their track record and reputation in the industry. Ultimately, the fee that you pay for a financial advisor should be reasonable and should align with the value that they provide in helping you achieve your financial goals.

Q8. How much should you pay for a financial advisor UK?

In the UK, the amount you should expect to pay for a financial advisor will depend on several factors, including the level of service you require, the complexity of your financial situation, and the advisor's level of experience and expertise.

As a general guideline, financial advisors in the UK typically charge an initial fee for the first consultation, which can range from around £100 to £500. After that, ongoing fees can be charged as a percentage of the assets they manage for you, which is usually around 1% to 2% per year. Alternatively, they may charge a flat fee, which could range from a few hundred to several thousand pounds, depending on the services provided.

It's important to discuss fees with any financial advisor you are considering working with and to understand how they are calculated, as well as any potential additional costs. You should also consider the value that the advisor provides relative to the fees they charge, as well as their track record and reputation in the industry. Ultimately, the fee that you pay for a financial advisor should be reasonable and should align with the value that they provide in helping you achieve your financial goals.

Q9. What is a good amount to pay a financial advisor?

The amount you should pay a financial advisor will depend on several factors, including the services they provide, the complexity of your financial situation, and the advisor's level of experience and expertise.

As a general rule of thumb, financial advisors typically charge between 0.5% to 2% of the assets they manage for you. However, some advisors may charge a flat fee or an hourly rate for their services.

It's important to understand the fee structure of any financial advisor you are considering working with, as well as any potential conflicts of interest that could impact their recommendations. You should also consider the value that the advisor provides relative to the fees they charge, as well as their track record and reputation in the industry.

Ultimately, the fee that you pay for a financial advisor should be reasonable and should align with the value that they provide in helping you achieve your financial goals. It's a good idea to shop around and compare fees and services from different advisors before making a decision.

Q10. Can I cash out my Aviva pension?

Aviva offers several types of pensions, and the rules and options for cashing out your pension may depend on the specific type of pension plan you have. Generally speaking, it may be possible to cash out your Aviva pension in certain circumstances, but it's important to understand the implications and potential costs of doing so.

If you have a defined contribution pension plan with Aviva, you may be able to take your pension as a cash lump sum once you reach age 55. However, the amount of the lump sum may be subject to tax and other charges, and taking a large sum of money out of your pension may significantly reduce the amount of retirement income you have available.

If you have a defined benefit pension plan with Aviva, the rules for cashing out your pension may be different. You may be able to transfer the value of your pension to another pension plan, but you may not be able to take a cash lump sum.

Before making any decisions about cashing out your pension, it's important to seek advice from a qualified financial advisor who can help you understand your options and the potential costs and benefits of each option. It's also important to consider your long-term retirement income needs and ensure that you have a plan in place to provide for your financial needs throughout retirement.

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