Aviva has remodelled its income drawdown solution and says this will help customers by giving them greater choice and more flexibility in how they take their retirement income.
The rising cost of living has added the equivalent of an extra month of bills per year for people close to retirement, research has shown.
NEARLY four in ten UK families now have an employer pension, a rise from under a third in January, research has found.
Aviva is demanding stricter rules on pension transfers to stop the "spiralling number of people being persuaded by fraudsters" to access their retirement savings early.
Aviva has called for standards to support the automatic transfer of pensions when employees move jobs.
Aviva, new sponsor of the Institute of Financial Planning, has unveiled its auto-enrolment solution ahead of the launch next week.
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