Aviva comment on the Chancellor's announcement of a consultation on incentivising savings

Article date: 8 July 2015

Aviva UK Life CEO Andy Briggs said:

 

"It is well known that we are not saving enough for retirement, given the average pension pot at retirement is around £35,000.

 

"The Chancellor's recognition of the low savings level in the UK is a great step forward - helping people to save has never been more important.

 

"I've been calling for some time for a fairer, more effective and sustainable system. Aviva will be using our expertise to contribute to this debate, building on the recent workplace saving reforms."

 

Notes to Editors

 

Andy Briggs' opinion piece on pensions tax relief can be found here and Pensions Policy Institute's validation of the work can be found here

 

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