Aviva Australia has introduced the option for advisers to choose a flat dollar remuneration model for its business super product. Advisers could previously choose a fee model based on a percentage of assets.
“Our new flat dollar remuneration option provides advisers and clients with an easy to understand fee structure. Aviva has been working hard with advisers to simplify fee structures to meet the growing demand for the fee-for-service model and we wanted to provide advisers with the flexibility to choose,” said Andrew Barker, general manager, wealth management products.
Aviva introduced a $3 per week flat dollar administration fee when the product was launched in March 2008.
