Pensions

Aviva Workplace Pension: A Plain Guide

The Aviva workplace pension is a defined contribution scheme: you and your employer pay in and the pot is invested, usually in Aviva default fund. Auto-enrolment default charges are capped at 0.75% a year. Aviva is one of the UK largest pension providers, and what you get out depends on contributions, charges and growth, not a salary formula.

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Scheme type - Defined contribution (a pot you build, not a salary-based promise)

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Common form - A workplace group personal pension, often branded Aviva My Money

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Default fund - Typically a diversified lifestyle default, for example Aviva My Future, that...

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Charge cap - 0.75% a year on the auto-enrolment default by law; many employer schemes negotiate...

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Plus 4 more in the full guide

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