Barriers to investment should be removed, says Aviva

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Barriers to investment should be removed, says Aviva

The chief executive of Aviva UK has called for barriers to be removed for advisers and investors, so that people can move their assets on and off platforms with ease.

Mark Hodges made this statement in a letter to platform providers, suggesting individuals should not incur a tax liability for registering on such platforms.

He remarked: "We believe that where re-registration off platform is not made available, this should be disclosed to customers at point of sale - and should form part of the FSA review of platform disclosure."

In his view, it should be compulsory to be able to re-register assets and this move should be made in advance of the Retail Distribution Review.

Mr Hodges also noted that Aviva is supporting a TISA-sponsored working group that is aiming to produce an automated solution for the re-registration procedure.

The same organisation recently announced it has made changes to its Professional Office insurance policy, adding new features, such as cover for a loss of revenue resulting from damage to a nearby property.

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