Why use Cavendish Online? 

Cavendish Online charges a one-off fee of £35.00 for setting up your Stakeholder or Personal Pension.

Once set up, the only charge applied to your Pension scheme is the Annual Management Charge (AMC).

Annual Management Charges

Aviva - Stakeholder Pension (Not Tiered*)

Pension Fund Using Cavendish Direct to Aviva
£0 - £49,999 0.55% This product is not available 
directly with Aviva. 
£50,000 to £99,999 0.50%
Over £100,000 0.45%


* Not Tiered means the same Annual Management Charge will be applied to the whole fund once the threshold is reached.

Why Aviva?

For more information on the Aviva Stakeholder Pension please visit their website. You will need to return to Cavendish Online to apply and receive the discounts.


You will have online access to your pension policy and be able to switch funds, increase or decrease regular payments and print off reports and valuations.

Please also read the Aviva Stakeholder Pension Key Features

Key Features






Fund options

You'll need to choose a fund or funds that reflect your attitude to risk and return.

With an Aviva Stakeholder Pension, you can either select the fund(s) that you want to invest in yourself and control your investment yourself until retirement, or choose to invest your money using their Mixed Investments Annuity Lifestyle approach.

Mixed Investments Annuity Lifestyle approach
Taking this option will mean that up until five years before your retirement all payments will be invested in the Aviva Mixed Investment (40-85% Shares) Fund - which in turn invests in a mix of assets. As you approach retirement, Aviva will gradually move your investment to lower risk/return funds. At your chosen retirement date, 75% of your pension fund will be invested in the Aviva Long Gilt Fund and 25% will be invested in the Aviva Deposit Fund. For more details please click here.


Fund Guide

How to apply

To apply for a NEW PENSION please post all the following to 'FREEPOST Cavendish Online':

1. Application Form

2. Client Declaration

3. A cheque for your contribution and / or direct debit mandate form(s), made payable to the pension company.

4. Money Laundering Verification Documents*

5. Our £35 fee (cheque to Cavendish Online or pay online). £40 if you would like your ID documents returned via registered post.

Please note: If you apply for 3 or more Aviva pensions at the same time (i.e. we recieve them in the same envelope) we will cap our fee at £100 for these applications. 

New pension & transfer

If you are also transferring the proceeds of an existing pension scheme please substitute the above application form (1) with the transfer form located below (1) in addition to the transfer valuation and/or discharge forms and our transfer fee:

1. Application Form

2. A Transfer Valuation and / or Discharge Forms**

3. Our transfer fee***

* Money Laundering Identification (MLI)

To apply for certain products through Cavendish Online we will require money laundering identification. We will need to see original or certified (#) documents to prove your identity and your address. If you are applying jointly for a product we will need to see identification documents for each of you.

Either your passport or a UK driving licence would be suitable as proof of your identity. 

With regards to your address, we suggest a recent bank statement or utility bill (within the last three months, and unfortunately not a mobile phone bill) These documents must have been posted to your home address, we cannot accept them if they have been printed from the internet. If you do not have a bank statement or utility bill then we can accept your passport to verify your identity and your UK driving licence to verify your address.

Company MLI: If your employer is paying into your pension then we will also require a letter from
the company on headed paper stating that they are paying into your plan and listing the main signatories/directors. We also require proof of the company address, i.e. an original or certified copy of a utility bill or bank statement dated within the last 3 months.

Pension for a minor: If you are setting up a pension for someone under 18 years old then please send money laundering information for them. We require the original or certified copy# of either their birth certificate OR passport. We will also require full MLI for the person paying the premiums.

#A certified copy is where a person of authority (solicitor, teacher, director, post office clerk etc) signs a copy of the original document stating that it is a true copy of the original document. They will need to sign and date the document and add their name and position. The person certifying the document must not be related to you or in a relationship with you or living at the same address as you.

**Discharge Forms

Speak to your existing pension provider and let them know you are transferring the pension. They can then post these forms out to you. You may also want a comparative current valuation to check if you will lose any additional benefits by moving the money. The discharge forms can be obtained mid-transfer or can be requested by your new pension provider if you cannot access these forms although sending them in initially will speed up the process.

***Transfer Fees

£70 = New Pension Application + Single Transfer                                   

£75 = New Pension Application + Single Transfer + Recorded Delivery

£100 = New Pension Application + 2 or more Transfers (Inc RD) (Fees capped at £100)



Min/Max contributions

  • Minimum regular monthly contribution of £20 required AND / OR a minimum transfer or lump sum of £20.
  • Monthly payments by direct debit can be altered once the plan begins by contacting the provider.
  • The maximum amount you can pay into your registered pension schemes in any tax year is 100% of your UK taxable earnings. (Maximum for a non-earner is £2880 net (£3600 gross)).




Age limits/restrictions

  • To apply for an Aviva Stakeholder Pension you must be between 0 – 74yrs and a UK resident, Crown servant or the spouse or registered civil partner of a Crown servant.

  • There is no minimum term on Stakeholder Pensions with Aviva, but all payments into the plan must cease by age 75. Benefits must be taken by age 75.
  • The pension is suitable for the employed, self employed, unemployed, pensioners and minors.

What our customers say