Aviva has overhauled its income drawdown offering and launched a flexible product to give retirees more choice when taking retirement income.
The provider said it was essential the pensions industry continually developed competitive and good value retirement income products. Aviva has modified its drawdown suite to make it easier for customers to stick with a single platform for both pre-retirement saving and post-retirment income. It also said modifications meant clients could take income in a more tax efficient way. Its new flexible single and phase products mean clients can access funds without being affected by Government Actuary's Department (GAD) limits. And its phased drawdown option can also help safeguard valuable ...
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