Aviva shelves plans for workplace savings hub

Nicola Brittain
clock

Aviva has scrapped plans to add a group ISA and group SIPP to its employee benefits platform, Work:Life.

Work:Life launched in September, offering online access to Aviva's group personal pension product and auto-enrolment hub. The company had planned to launch a group ISA and a group SIPP on the platform later this year, but has ditched plans to do so as a result of 'spending priorities', according to a spokesperson. Shelving these plans means the company will not need to create a new IT platform to support the service, but can add to the one it is currently using. An Aviva spokesperson said: "Aviva is committed to the corporate benefits market. "As you would expect, we've been loo...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Platforms

AJ Bell hits record platform £80.3bn AUA boosted by £1.6bn inflows

AJ Bell hits record platform £80.3bn AUA boosted by £1.6bn inflows

Over 3% growth from market movements

Cristian Angeloni
clock 18 April 2024 • 2 min read
AJ Bell Investcentre cuts custody charges on its platform

AJ Bell Investcentre cuts custody charges on its platform

Increased interest on cash

Cristian Angeloni
clock 05 April 2024 • 2 min read
DIY investment market hits £392bn as top five platforms remain dominant

DIY investment market hits £392bn as top five platforms remain dominant

Hargreaves Lansdown market share slips

James Baxter-Derrington
clock 26 February 2024 • 1 min read
Trustpilot