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
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.
Aviva Life & Pensions Ireland Designated Activity Company, a private company limited by shares. Registered in Ireland No. 165970. Registered office at Building 12, Cherrywood Business Park, Loughlinstown, Co. Dublin, D18 W2P5. Aviva Life & Pensions Ireland Designated Activity Company, trading as Aviva Life & Pensions Ireland and Friends First, is regulated by the Central Bank of Ireland. Tel (01) 898 7950.