MiFID II

MiFID II regulations regarding the assessment of target market information and disclosure of costs and charges came into force in January 2018.

Amendments to the MiFID II Delegated Acts related to target market information and sustainability preferences came into force in August 2022.

This page includes information about Aviva Investors’ Product Governance process along with the European MiFID Template and European Environmental, Social and Governance (ESG) Template, industry standard documents that include information about the target market for our funds, details about cost and charges and the product’s consideration of sustainable preferences. Please click the relevant links below to access the information.

Data in relation to the target market for the Aviva Investors funds (the “AI Funds”) as set out in the EMT is as at the reference date stated in the EMT. Nothing within the EMT is intended to or should be construed as advice, or a recommendation, or a suitability or appropriateness assessment of any nature. No representation is made that the data is correct at any time subsequent to the reference date.

The data is disclosed to you: (i) in your capacity as a distributor of the AI Funds  or in your capacity as the delegate, agent, or otherwise acting on behalf of a distributor of the AI Funds; and (ii) solely to assist distributors in complying with their obligations as defined and detailed under MiFID II (Directive 2014/65/EU) and (in respect of UK regulated funds only) the FCA’s Product Intervention and Product Governance Sourcebook (PROD), which implements the requirements of MiFID II (the “Permitted Purpose”).

Distributors are required to make their own assessment of the target market for the funds they distribute and their distribution strategy based on: (i) information received from product manufacturers; and (ii) information about their own clients.

Forward looking costs figures are estimates based on historic data where available and relevant, or are based upon the MIFID II guidelines for producing estimated forward looking costs figures when historic data is not available. Actual cost figures, which will be reported on an ex-post basis, may vary from estimates given.

Aviva Investors (which includes any company within the group of companies of which Aviva Investors Holdings Limited is the ultimate parent) (“Aviva Investors”) makes no representation as to whether the information provided is fit for any purpose other than the Permitted Purpose.  Aviva Investors is not liable (including, to the extent permitted by statute, liability under negligence) for any losses arising from the use or disclosure of this data for any purpose other than for the Permitted Purpose. Nothing in this disclaimer is intended to limit liability for fraud.

Aviva Investors is not liable for any consequences of any amendment or processing of this data that is undertaken after downloading it from this website; and if any changes are made to the form, substance or presentation of the data prior to it being made available to your clients you will be solely liable for those changes and any consequences resulting from them.

Issued on behalf of Aviva Investors UK Fund Services Limited, registered in England No. 01973412 in respect of UK regulated funds. For Luxembourg regulated funds: In Europe, this document is issued by Aviva Investors Luxembourg S.A. Registered Office: 2 rue du Fort Bourbon, 1st Floor, 1249 Luxembourg. Supervised by Commission de Surveillance du Secteur Financier. An Aviva company.  In the UK this is issued by Aviva Investors Global Services Limited. Registered in England No. 1151805.  Registered Office: 80 Fenchurch Street, London EC3M 4AE. Authorised and regulated by the Financial Conduct Authority. Firm Reference No. 119178.

Data in relation to the Aviva Investors fund(s) or portfolio(s) named in the attached data template or report (the “AI Fund(s)”), as at the reference date stated.

Nothing within this message or the attached data template or report is intended to or should be construed as advice, or a recommendation, or a suitability or appropriateness assessment of any nature.

No representation is made that the data is correct at any time subsequent to the reference date.

The data is disclosed to you: (i) in your capacity as an investor in the AI Funds; as a distributor of the AI Funds; or in your capacity as the delegate, agent, or otherwise acting on behalf of a distributor of the AI Funds; and (ii) solely to assist distributors in complying with their obligations as defined and detailed under MiFID II (Directive 2014/65/EU, as amended or supplemented from time to time) or, as applicable, the UK version of such regulation which is part of UK law by virtue of the European Union (Withdrawal) Act 2018 (the “Permitted Purpose”).

Distributors are required to make their own assessment of: (i) the target market for the funds they distribute and their distribution strategy; and (ii) the suitability or appropriateness (as applicable) of such funds for their client(s), in each case based on: (x) information received from product manufacturers; and (y) information about their own clients.

Aviva Investors (which includes any company within the group of companies of which Aviva Investors Holdings Limited is the ultimate parent) (“Aviva Investors”) makes no representation as to whether the information provided is fit for any purpose other than the Permitted Purpose. 

Aviva Investors is not liable (including, to the extent permitted by statute, liability under negligence) for any losses arising from the use or disclosure of this data for any purpose other than for the Permitted Purpose. Nothing in this disclaimer is intended to limit liability for fraud.

Aviva Investors is not liable for any consequences of any amendment or processing of this data that is undertaken after it is provided to or otherwise obtained by you; and if any changes are made to the form, substance or presentation of the data prior to it being made available to your clients you will be solely liable for those changes and any consequences resulting from them.

Issued on behalf of Aviva Investors Global Services Limited (“AIGSL”), registered in England No. 1151805 in respect of Luxembourg regulated funds and segregated mandates. AIGSL’s Registered Office is at 80 Fenchurch Street, London EC3M 4AE. AIGSL is authorised and regulated by the Financial Conduct Authority.