Aviva has scrapped plans to add new workplace savings options 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. At the time the provider said it planned to add a group Sipp, corporate Isa, a general investment account, child Sipp and junior Isa in 2013.
An internal note to Aviva staff yesterday confirmed these plans have now been dropped.
An Aviva spokeswoman says: “As you would expect, we have been looking at adding to our successful GPP and Work:Life employee benefits platform. One of our considerations was the addition of Group Sipp and Group Isa options, and due to spending priorities we have decided not to go ahead with this.
“On reviewing our existing group pensions technology infrastructure we have decided that we will continue to build on this, which is proven in the market. We will also continue to develop our Work:Life employee benefits platform.”