2nd October 2017

Due diligence and the Aviva Platform upgrade

Why due diligence matters

In 2014, the Financial Conduct Authority Factsheet 012 outlined nine due diligence requirements, stating that a firm must 'consider whether a platform is suitable and meets clients needs before recommending it'. The regulator made it clear that the responsibility for examining their platform choices rests with the adviser. Whilst a platform provider cannot complete the due diligence for advisers, we can help - by providing the information you need in a convenient way and this is what we plan to do for our platform upgrade. 

Aviva’s teamed-up with technology experts F&TRC 

To provide what we think is the best solution, Aviva have partnered with Finance & Technology Research Centre (F&TRC). Established more than 20 years ago, this dynamic London-based consultancy aims to help advisers reduce operating costs in their businesses and work with a wide range of advisory firms across all areas of financial planning.

Director and founder Ian McKenna said: “We’re delighted to work with Aviva to help advisers see how the Aviva Platform has been enhanced by the move to FNZ and to help ensure that their platform’s due diligence is contributing to achieving the right outcomes for their clients.”

What’s coming up?

Later this year we will make available our new tool showing you how the Aviva Platform will change as a result of moving to FNZ, using data collated and managed by F&TRC.  You will be able to compare Aviva’s pre and post FNZ platforms across all nine of the Financial Conduct Authority areas of due diligence.

We look forward to sharing this new resource with you later in 2017. The Aviva Platform migration hub will be updated on due diligence closer to migration, so check back for updates. 

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