Aviva outlines new workplace pension proposition
Aviva has outlined the contents of its new WorkLife auto-enrolment and workplace pension proposition.
The proposition will offer employees workplace savings options including Financial Planning tools, savings products and voluntary benefits.
It will also have an online Financial Planning tool called Lifeplanner which will help employees to plan their long-term goals.
The WorkLife hub will mean employers can consolidate workplace benefits into one place and integrate with employers’ existing benefits arrangement.
For employers and advisers, it will offer pension scheme solutions, an online compliance monitoring tool to help employers manage their regulatory requirements and online guides to provide education and awareness.
Iain Oliver, Aviva’s head of workplace savings development, said: “As employers and advisers start to focus on how to implement their automatic enrolment solutions, it’s essential they have the support to do efficiently and effectively.
“We’ve worked hard to understand the needs of employers as they plan towards their critical staging dates. We already support thousands of employers in the UK with their company pensions and we’ll continue to work with them as they look to find their best solutions to meet auto-enrolment needs-whether extending their existing pension scheme or implementing a new scheme.”
Auto-enrolment will be introduced for the largest firms from October 2012.
Aviva will also introduce a new investment proposition with a range of Sipps and Isas in the first half of 2013.