Aviva Investors

Provider Aviva has dropped the £100 a year drawdown charge on its platform.

Platforms are racing to update their conversion programmes as advisers complain about hefty charges when switching clients into clean share classes.

Aviva Investors is preparing to launch a range of three new funds to rival SLI's GARS strategy, under the leadership of new CEO Euan Munro.

Aviva Investors' multi-manager team has said most active managers investing in UK stocks are failing to beat the FTSE All Share this year as overweights in mid- and small-cap stocks weigh on portfolios.

Where are the best opportunities in UK large-caps?

Aviva Investors is to close its UK Absolute Return fund, run by Trevor Green, as well as Peter Fitzgerald's Diversified Strategy fund, Professional Adviser's sister title Investment Week can reveal.

Pension savers will be among the targets of Aviva Investors' forthcoming low volatility multi-asset strategy, the firm's head of multi-asset has said.

Aviva Investors has sold its US equity investment management subsidiary River Road Asset Management in an effort to streamline its US business.

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The "improper" allocation of trades in fixed income securities by two former employees cost Aviva Investors some £132m, it has announced.