Aviva has scrapped plans to add new workplace savings options to its benefits platform Work:Life.
The platform, which went live in December 2012, is a single online benefits hub giving employees access to benefits, including the provider’s group personal pension (GPP), pension tracker and flexible benefits package.
It had planned to add group self-invested personal pension (Sipp) and corporate individual savings accounts (Isas) to the platform.
A spokesperson from Aviva said: “Aviva is committed to the corporate benefits market.
“As you would expect, we’ve been looking at adding to our successful GPP and Work:Life employee benefits platform. One of our considerations was the addition of group [self-invested pension plan] (Sipp) and group [individual savings account] (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.”