Aviva Vida y Pensiones is launching on the market Aviva Espabolsa, the Spanish equity fund pensions plan, a product subscribed to a fund which replicates the investment fund portfolio of the same name.
- This replicates the investment strategy of the Espabolsa investment fund, one of the best of its category for periods of one, three, five and 10 years
- Iván Martín, variable annuity director of Aviva and one of the top three Spanish variable annuity managers, will design the investment policy.
Aviva Vida y Pensiones is launching on the market Aviva Espabolsa, the Spanish equity fund pensions plan, a product subscribed to a fund which replicates the investment fund portfolio of the same name. According to figures of Inverco, the Aviva Espabolsa FI fund occupies the first place at three and five years, the second at one year and the fourth at 10 years, out of all the national funds of its category. It has also received prestigious awards as the best Spanish equity investment fund, such as the Lipper Prize in 2011, among others.
The fund to which the Aviva Espabolsa pensions plan is ascribed invests at least 75% of its portfolio in assets, securities, stocks and other financial instruments of variable annuity. Also, at least 90% of the equity fund portfolio will correspond to stocks quoted on the Spanish market.
Amador Moreno, director general of Aviva Vida y Pensiones, has highlighted that “Aviva Espabolsa is an exceptional product for profiles of savers who do not take risks because they are still far from retirement and want to ensure high income potential in the long term”.
Also, he stated the importance of good management in times of economic uncertainty: “To have Iván Martín setting out the general guidelines of investment is synonymous with the maximum criteria of security and profitability, minimising the risk of investments with regard to variations in the economic environment”.
On his part, José Caturla, corporate investments director of Aviva, has indicated: "The objective is to apply the knowledge and experience of Aviva Espabolsa FI to a pensions plan, offering our clients the opportunity to be able to invest their retirement savings in a product with good medium and long-term profitability. Taking into account our style of management, featuring constant search for value, the long-term variable annuity investment adapts perfectly well to a pensions plan. Investment in the Spanish stock market also offers our participants greater transparency, closeness and knowledge of the investments.”
The Aviva Espabolsa plan establishes minimum periodical contributions of €30 a month and multiples every three months, twice a year or once a year. As regards extraordinary contributions, a minimum quantity of €150 is established.
Aviva Vida y Pensiones has a great variety of pension plans suitable for the different investment profiles and the required regularity and quantity of contributions. The offer ranges from those in which their portfolio consists entirely of fixed annuity, to pension plans consisting of a high percentage of national and international equity fund for people looking to diversify their savings.
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For further information:
Laura Villuendas - Aviva
Telephone: 91 297 1817 / 696 576 921
Email: laura.villuendas@aviva.es
Beatriz Egido - Edelman
Telephone: 91 556 0154
Email: beatriz.egido@edelman.com
Notes to editors
Aviva Vida y Pensiones is a company specialising in the commercialisation and consultancy of life insurance, savings, health and pension plans, which distributes its products exclusively through insurance brokers.
Aviva Vida y Pensiones belongs to the Aviva Group, the sixth largest insurance group in the world, which provides service to 44 million clients. In Europe, it is the leader on the life and pensions market.
www.avivavp.es