Aviva Aviva Shariah Investment Strategy (Workplace Pensions)

The UK's first full Shariah lifestyle glidepath from a mainstream insurer: launched November 2024 and available to members in any Aviva workplace pension. Instead of the single-fund approach that leaves older savers 100% in equities, the strategy moves members through Shariah Long Term Growth, Growth and Consolidation phases - de-risking begins 14 years before retirement - using three self-selectable funds built on HSBC's Islamic range: Aviva Pension HSBC Islamic Global Equity Index, Aviva Pension HSBC Shariah Multi Asset and Aviva Pension HSBC Global Sukuk Index. Offers universal and target-drawdown glidepaths plus single and phased drawdown at retirement, managed through the MyAviva portal. Charges follow each employer's scheme terms.

Aviva's launch is the most structurally important UK halal pension development since NEST added its Sharia Fund: it introduces lifecycle investing, the thing conventional pension members get by default, to Shariah-compliant savers. The three-fund HSBC architecture is conservative and sensible, and doing capital preservation through sukuk rather than gilts is exactly the engineering the market lacked. Constraints are real - workplace-only access, employer-dependent pricing, zero track record - but for an Aviva scheme member in their fifties, this is now clearly the most age-appropriate halal option in Britain. Younger members might still prefer 100% equity via self-select and switch into the glidepath later.