Aviva insurance survey reveals shift in inheritance plans

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Aviva insurance survey reveals shift in inheritance plans

It was found that 17 per cent of this demographic intended to give away a part of their savings before they die, but 21 per cent felt they needed to keep their money instead, in light of the ongoing pensions crisis.

Clive Bolton, an 'at retirement' director for the company, said Aviva had seen variations in how its customers chose to give their relatives' money before they die and thought this was in part prompted by a decision to save on inheritance tax and ensure a comfortable retirement.

He added: "While many over-55s want to assist their loved ones, for some leaving a pre-Inheritance is not an option as they need all their money to support their retirement."

The Aviva Investors Property Fund was recently announced by the company as one of the best performing investment products in the first two months of this year.

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