A new governance regime for With-Profits funds in Ireland was introduced by the Central Bank of Ireland in 2018. The ALPI DAC Irish With-Profits Fund is subject to this since 29/03/2019 and With-Profits Operating Principles (WPOP) documents outlines how the company complies with it.
The Friend First Participating Fund and Friends First Closed Fund is subject to the new regime since 01/01/2020. The information below relates to the Aviva Irish With-Profits Fund. The Friends First Participating and Closed Fund WPOPs are located on the Friends First website.
With-Profits Operating Principles
The guides differ depending on how you've invested in with-profits (Unitised or Conventional), so pick the one that's appropriate for you.
With-Profits Committee
Aviva was one of the first companies to introduce a With-Profits Committee in 2005. The Committee was established to ensure fairness to customers is embedded in Aviva’s With-Profits decision-making.
If you have a policy invested in the Old & New With-Profits Sub-Funds or FP With- Profits Sub-Fund please see below for more information.
Old & New With-Profits Sub-Funds
This link brings you to the Aviva UK website (www.aviva.co.uk)
This link brings you to the Aviva UK website (www.aviva.co.uk)