Aviva considers giving advice on DB transfers

Aviva UK chief executive Andy Briggs told the FT customers were asking the provider for help with transfers out of their guaranteed benefits schemes. However, the firm, which launched its pension-focused advice business last year, had not yet made a decision about whether to start advising clients on the transfers, Briggs told the paper. "We are exploring whether or not it makes sense," he said. He said any advice would be based on a mathematical calculation of how much money the customer could make by investing the lump sum, and then comparing that with the income that the final-s...