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Provider review

Aviva

Last verified: Q1 2026 · Source: provider fee page
Fee model
0.4% platform fee (retail SIPP). Workplace schemes vary.
Percentage · SIPP available · Workplace available
Annual platform fee by pot size
£25,000 pot
£100/yr
0.40% effective
£50,000 pot
£200/yr
0.40% effective
£100,000 pot
£400/yr
0.40% effective
£250,000 pot
£1,000/yr
0.40% effective
£500,000 pot
£2,000/yr
0.40% effective
£1,000,000 pot
£4,000/yr
0.40% effective
Platform fee only. Fund charges (OCF) are additional: 0.06%–1.5% depending on fund choice
Note: Fees shown are for Aviva's retail SIPP. Workplace pension charges are typically lower and negotiated by your employer. Legacy Aviva pension products (e.g. former Friends Life or Norwich Union policies) may have very different fee structures.

Aviva is one of the UK's largest insurers and pension providers, with significant presence in both workplace and retail pensions. The 0.4% retail SIPP fee is mid-range and includes no fund dealing charges. Aviva's main strength is the breadth of its product suite — pension, ISA, life insurance, and general insurance under one roof. For investors who value having everything in one place, Aviva is convenient. For pure cost optimisation, Vanguard, ii, or AJ Bell are cheaper. Aviva workplace pension charges are typically lower than the retail rate and are negotiated by the employer.

Strengths
  • +No fund dealing charges
  • +Broad product suite (pension + ISA + insurance)
  • +Strong workplace pension presence
  • +Established brand
Limitations
  • –More expensive than specialist SIPP providers
  • –No individual share dealing in SIPP
  • –Legacy products can be much more expensive
Details
Fund range1,500+ funds — no individual share dealing
Minimum investment£50/month or £500 lump sum
Typical fund OCF0.06%–1.5% depending on fund choice
SIPPYes
Compare Aviva with
vs Vanguardvs AJ Bell
All providers
HLVanguardiiAJ BellPensionBeeFidelityAvivaNESTInvestEngineNutmeg
Things to consider
  • •Fees shown are platform fees only — you also pay fund-level charges (OCF) on top, which vary by fund choice.
  • •Fee structures change without notice. Always verify the current fee on the provider's website before making any decision.
  • •The cheapest provider is not necessarily the best fit — consider fund range, customer service, platform features, and the specific funds you want to hold.
  • •Transferring a pension may involve exit fees, loss of guaranteed benefits, or loss of employer contributions. Check before you transfer.
  • •This page is factual information based on published fee schedules, not a recommendation to use or avoid any provider.
  • •If you're unsure which provider is right for you, speak to an FCA-regulated financial adviser.

This calculator provides estimates based on 2025/26 tax rates and is not financial advice. Scottish taxpayers are subject to different income tax rates and bands. The calculations assume your salary is your only source of income and do not account for benefits in kind or other taxable income.

For personalised guidance on your pension contributions, speak to an FCA-regulated financial adviser. You can find one via Unbiased or VouchedFor.