View more on these topics

Aviva and Widows set out workplace deals for auto-enrol

Scottish Widows and Aviva have revealed details of their new workplace savings offerings as the product providers finalise automatic enrolment strategies.

The Widows’ proposition will allow employers to offer employees either the Widows group personal pension or a choice between B&CE’s The People’s Pension or Nest through a single proposition.

Widows has invested £100m in the product, which it says can be tailored to meet the needs of individual clients. It uses the company’s corporate wrap platform, mymoneyworks.

A tool that assists employers in complying with their regulator duties is also built into the offering.

Head of corporate pensions proposition Peter Glancy says: “We are putting in place a series of major building blocks that will form our auto-enrolment proposition, designed to operate in the world beyond the RDR. The partnership with The People’s Pension, from B&CE, is an additional building block. By working together, we can drive charges down, ensuring employees are only paying for features that are appropriate to them.”

Aviva’s new workplace savings proposition, WorkLife, allows employers to place all their workplace benefits on to a single online hub.

The company has also launched a separate online compliance tool designed to help employers meet their auto-enrolment obligations.

Aviva says the offering will support employers who want to offer multiple pension scheme arrangements to their employees, including Nest. Aviva head of workplace savings development Iain Oliver says: “Meeting the day-to-day automatic enrolment obligations will be demanding for employers. This is why we have developed our compliance monitoring tool. It has the advantage of supporting employers across multiple pension schemes.”

Master Adviser senior partner Roy McLoughlin says: “Auto-enrolment is bewildering for a lot of employers so it is important that providers continue to develop tools that will help them.”


A profitable venture

It is sometimes easy to lose sight of the point of investing, instead getting caught up in other issues such as tax, risk and timing. This is especially true of venture capital trusts. Many people focus either on the tax breaks offered by VCTs or the excitement of investing in risky, high-growth, entrepreneurial companies. What […]

Income funds build up UK banks after European refinancing deal

UK equity income managers have been adding to bank stocks off the back of improved liquidity created by the European Central Bank’s long-term refinancing operations. F&C fund manger Phil Doel, who runs the £206m UK equity income fund, sold some exposure to defensive stocks in the last three months and added to banks. He has […]

LV=’s Graham Ashby to join Ignis

Ignis Asset Management has recruited LV= manager Graham Ashby to run its £90.6m equity income fund, replacing current manager Martin Brown. Ashby will replace Martin Brown at the helm of the Ignis UK equity income fund next week. Brown is set to leave Ignis this year, although the firm would not confirm his departure date. […]

Europe 2017: Value, large-caps & liquidity

Joshua Ausden, Head of Client Investment Strategy, Neptune Read more here Important Information – for Investment Professionals Only. Not for Retail Clients.Investment risksNeptune funds may have a high volatility rating and past performance and forecasts are not a guide to future performance. These are Neptune’s views and as such this document is deemed to be […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm