Aviva Life & Pensions

Irish arm of the UK insurance giant

Founded

1985

Parent

Aviva plc (UK)

Assets under management

€10bn+

Regulated by

Central Bank of Ireland

About Aviva Life & Pensions

Aviva's Irish life and pensions business (formerly operating in part as Friends First, which it acquired in 2017) offers a full product suite across pensions, PRSAs and protection. The Multi-Asset Fund range covers the standard risk bands, and the Climate Transition Equity fund gives ESG-focused investors a Paris-aligned equity option with an 0.95% AMC.

Strengths

Climate Transition Equity fund is one of the few explicitly Paris-aligned options on the Irish market.
Strong protection (life insurance) product set alongside pensions — useful if you want one provider across the board.
UK parent means stronger reinsurance balance sheet than some smaller Irish players.

Watch-outs

AMCs at the 0.90–0.95% mark across the core range are middle-of-pack — not the cheapest, not the most expensive.
Legacy Friends First policies have been through several administrative migrations; ensure your policy is on current systems.

Flagship funds

Aviva Life & Pensions funds we track

Illustrative data — always consult the latest provider factsheet before making an investment decision.

Fund	Type	Risk	AMC	5yr p.a.	10yr p.a.	Size
Multi-Asset Fund II	Pension	Risk 3/7	0.90%	+5.1%	+5.3%	€740m
Multi-Asset Fund IV	Pension	Risk 5/7	0.90%	+8.8%	+8.1%	€1500m
Climate Transition EquityESG	Pension	Risk 6/7	0.95%	+9.4%	—	€310m

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