NU launches SIPP-light plan with wish list

The product, which includes a wish list of options, follows research into consumers’ attitudes to retirement planning. The survey of almost 1,800 people shows 37% of people in their 40s have no financial plan for retirement and 41% do not understand pension products. Norwich Union’s Income Drawdown plan includes a clear indication of the final settlement, greater flexibility, the option to manage online in the same way as a bank account and access money in the account even if it means less certainty over the final settlement. The provider will also add online fund management in the summer...