Aviva stakeholder direct application?

vagjiani

Aviva has stoped offering direct stakeholder to deter people to buy the low charges with this plan as limited to 1% by law. They make more money offering alternative product which has no such government imposed limit on charges. Aviva considers that majority of it customers would not want the Hessle to go through the FA and buy the expensive product and get higher commission. FA are interested in making money form advise you don't need and want to sell you what they will earn more. !

vagjiani

The Stakeholder plans have the cheapest charges as it is limited by law to 1% aviva prefer to charge you more so have removed this plan and now offer alternative which charge more unless it is index tracking fund. Which by the way perform on average more than the majority of so called managed funds for which you are charged about 1-2% more than Stakeholder. Cheers :beer:

dunstonh

Aviva has stoped offering direct stakeholder to deter people to buy the low charges with this plan as limited to 1% by law.

There is no law limiting charges to 1%. Indeed 1% is high by 2015 standards.

They make more money offering alternative product which has no such government imposed limit on charges.

Their alternative products are much cheaper. Internal funds at 0.4%.

Again, no Government imposed limit on charges exists.

viva considers that majority of it customers would not want the Hessle to go through the FA and buy the expensive product and get higher commission.

Commission doesnt exist. It hasnt since the end of 2012.

FA are interested in making money form advise you don't need and want to sell you what they will earn more. !

Wrong again.

So, basically, you are wrong on all counts. Better luck next time.

vagjiani

When you go to a shop to buy some thing and have two prices for the same item it would be hard to sell the expensive item how ever you spin wool over the customer eyes unless you put the cheaper item in another shop across the river and you have to get a boat to get there. The boat owner charges you as a percentage of the item price. The boat owner and the shop keepers are partners. Shopkeeper is Aviva and boat owner is the IFA. :eek::money::money::mad::eek::money:

dunstonh

vagjiani wrote: »

When you go to a shop to buy some thing and have two prices for the same item it would be hard to sell the expensive item how ever you spin wool over the customer eyes unless you put the cheaper item in another shop across the river and you have to get a boat to get there. The boat owner charges you as a percentage of the item price. The boat owner and the shop keepers are partners. Shopkeeper is Aviva and boat owner is the IFA. :eek::money::money::mad::eek::money:

Aviva is not a shopkeeper. Aviva is a manufacturer. IFAs are a distribution channel. Effectively they are the shop owner. However, like some manufacturers, Aviva make some of their products available in their shop.

I really don't understand your problem. Stakeholder pensions are mostly a niche product nowadays with very little market available to them. Both of Aviva's personal pensions on offer are better than than their stakeholder in cost, features and terms.

So, its very difficult to understand why you think Aviva no longer offering a more expensive, lower quality product direct is a bad move.