Aviva adds new pensions feature

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Aviva adds new pensions feature

Wed 24th Mar 2010

Nicholas Burton, head of marketing at the insurance firm's Wrap division, said the addition of a fund-specific withdrawal will allow customers to set apart accounts from which they can draw their income after they retire, making their financial situation more flexible.

He added: "Flexibility is vital when drawing income in retirement and Aviva has developed the option to draw down income from a specific fund or funds - rather than across a whole portfolio."

According to Safe Home Income Plans (SHIP), more people are turning to the internet in search of financial planning guidance rather than consulting an independent financial adviser (IFA).

SHIP found that eight per cent of Brits ask an IFA, as opposed to 32 per cent of people who were comfortable browsing the internet to make their decisions.

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