Aviva Launches Group Life Master Trusts Resource Hub for Advisers

Aviva Unveils Group Life Master Trusts Hub for Advisers

Aviva has launched a dedicated online resource for UK financial advisers, offering detailed guidance on Group Life Master Trusts. The new hub brings together educational materials, practical tools, and step-by-step instructions to support advisers in navigating the complexities of group life assurance trusts.

Key Features and Benefits

• Professional Governance: The Aviva Group Life Master Trust removes the need for employers to run their own trust, with all trustee duties and compliance overseen by experienced professionals.
• Reduced Employer Burden: Employers benefit from reduced governance and administrative responsibilities, as well as up-to-date compliance with legislation.
• Efficient Claims Handling: Dedicated specialists manage claims promptly, aiming to ensure timely payments to beneficiaries.
• Tax Efficiency: Benefits are typically paid outside the employee’s estate, supporting tax-efficient outcomes.

Excepted vs. Registered Trusts

The hub provides a clear comparison between excepted and registered trust structures, outlining:

• HMRC registration requirements
• Membership categories
• Tax implications, including periodic and exit charges

Setting Up a Master Trust

Advisers can find a step-by-step guide to setting up a Group Life Master Trust, from requesting a quote to policy activation and documentation. The process is designed to streamline administration for both advisers and employers.

Supporting Client Conversations

The resource is positioned to help advisers:

• Explain the value and efficiency of Master Trusts to clients
• Consolidate legacy trusts
• Support SMEs and growing businesses with limited governance capacity

Additional Resources

The hub also includes:

• Technical guides and policy wordings
• Information on Expression of Wish forms and their importance in benefit distribution
• Guidance on periodic charges for excepted trusts

Advisers are encouraged to explore and bookmark the page for ongoing reference in client discussions.

For more information, visit the Aviva Group Life Master Trusts hub.