Instructions for useThis is to be used as a guide only for advisers when preparing a personalised client seminar for their client(s).

The Aviva name and logo are used under licence from Aviva plc Group.

This information does not take into account the objectives, financial situation or needs of any particular person or persons. As a financial adviser, you will need to consider whether an investment is appropriate for your client’s objectives, financial situation and needs. Some of the information contained in this presentation is subject to change from time to time.

Important noticeTerms and conditions for using this document

To help you with your recommendations, we have developed sample wording that outlines our Separately Managed Account (SMA). This text is written for an investor audience. You are responsible for any representations you make to your clients. Should you utilise this wording, you must satisfy yourself that it is appropriate in the context which you intend to use it.

Please note by using this document you acknowledge and agree that: Aviva does not accept any responsibility or liability for the use of the document

it is your responsibility to ensure your use or publication of the document complies with the Corporations Act 2001(Cth) and any other relevant legislation

you will identify your company as the issuer of the document and provide an an appropriate disclaimer

Understanding a Separately Managed AccountClient seminar, DATE

Agenda for this seminar

What is it? Why use it? How to get started Questions

41% of all

Australians own shares*

* Share Ownership Study 2008, Australian Securities Exchange

While investment performance is important, many investors have recently discovered that it is just as important to know…

Lessons from the crisis

b.they have access to their investment if they need to withdraw funds

a.exactly what assets they are invested in

Wheredo I invest?

What do you want from your investments?

Your investment wish list

Steadyincome stream in retirement

Seeexactly which shares you are invested in

Reasonablefees

Easier way to manageyour investments if you have a self-managed super fund

Access to a professional investment manager

Simple paperwork and statements that make tax time easy

Choose the level of risk you are comfortablewith

Grow you wealth

We have a new solution – Separately Managed Account

Whatis it?

What is it?

Separately Managed Account (or SMA)

An SMA is a managed investment scheme that allows you to access a range of professionally constructed and managed portfolios of Australian shares and cash.

Through an Aviva SMA you can…

Choosefrom a range of investment styles or managers to suit your personal preferences and goals

Diversifyyour investments across many Australian shares

Manageall investments through theplatform

Investvia a super, pension, investment or self-managed super account

Just like an Australian shares managed fund hold all investments through the one platform/account invest through your super, pension, investment or self-managed super account choose a range of investment styles or managers to suit your goals diversify your Australian shares

The difference is you can view the underlying Australian shares of a portfolio in reports/statements save up to 20% in management costs than a comparable managed fund* avoid ‘inheriting’ capital gains when investment managers sell assets before you

invest to fund other investor redemptions minimise tax when you transfer shares between SMA models confirm prices in one business day^

* transaction costs may vary^ Fast Track online switches only – standard turnaround times apply to all other transactions

What is it?

Beneficial ownership explained

This means you: - can see exactly which shares you are invested in- receive the dividends and tax credits (known as franking or imputation credits)

that the shares pay

InvestmentThe beneficial ownership

of the shares remains with you

SuperannuationOr the trustee if your SMA is held in superannuation

Plan

Model portfolio

Investor 1 Investor 2 Investor 3

Share

Cash

Individual ownership – NO TRUST

Plan

Model

Investment manager

Units Units Units

Investment manager

Investor 1 Investor 2 Investor 3

Unit trust Separately Managed Account

Trust

Beneficial ownership explainedNo trust structure!

1 2 3

Three ways to invest in shares

Whyuse SMAs?

The benefits of investing in an SMA

Diversifyyour portfolio

Pay less to manage your investment

Beneficial ownership of the shares remains with you

Transparencyof your shares

No inheritedcapital gains tax

Professionalinvestment

Howto get started

when you invest in the SMA, we establish an individual portfolio of shares for you that is based on the model portfolios that we have chosen

the number and type of shares you hold will depend on the model portfolio we have chosen

each share will have a different value, and the price of each share can change daily

shares in the portfolio can change from time to time as a result of an investment manager changing the weightings in your chosen model portfolio

How does an SMA work?

How much do I need to get started?

minimum investment: $10,000 per SMA model portfolio

to make it cost effective we suggest a minimum investment of $30,000

to determine the right amount for you, we’ll need to look at your overall investment objectives and needs

Why use a platform?

a platform enables you to combine all your investments in the one account

makes it easy for you and your adviser to manage and keep track of your investments in a cost-effective way

Aviva’s platform online account and statement provides you with a single view of your investment holdings

you can see the shares in your SMA consolidated along with your other investments

makes tax time easier

Consolidate

Consolidate

Consolidate

Models and pricing Range of models

Disclaimer

Navigator Australia Limited (Navigator) ABN 45 006 302 987 AFSL236466 is the operator of the Navigator Personal Investment Plan and theResponsible Entity of Aviva’s SMA, the Integrated Separately ManagedAccount ARSN 138 086 889. A copy of the relevant Product DisclosureStatement (PDS) is available from Aviva.

NULIS Nominees (Australia) Limited ABN 80 008 515 633, AFSL 236465, isthe trustee of the Navigator Personal Retirement Plan ABN 40 022 701 955,which is part of the Navigator Master Trust.

The information contained in this presentation is of a general nature only and does not take into account your particular objectives, financial situation or needs. Before making an investment decision, you should consider the PDS and whether it is appropriate for you. The above information is current as at the date ofpublication.

While every attempt has been made to ensure the accuracy and reliability ofthe information, it is not guaranteed in any way. The Aviva name and logo areused under licence from the Aviva plc Group.