Norwich Union is streamlining and renaming its current pensions range so that it can offer a more tailor-made approach to customers looking for the perfect pension.
The pension range, now called Retirement Solution, will include products for individuals in the early stages of their retirement as well as those who are considering more serious investments, such as SIPPs.
Norwich Union decided on the restructure to allow customers to move more easily between pension products until they find a policy which suits their individual needs.
Commercial director at Norwich Union, Mike Kirsch, said of the range: "We believe that our radical new approach to retirement planning will make it easier for everyone involved.
"The single scheme solution will provide customers and financial advisers with an opportunity to comprehensively plan for retirement throughout a customer’s various life stages."
The nation's largest insurer also said that it was committed to providing "innovative solutions" to pension problems and was working with the government to ensure as many people as possible had access to the new scheme.To read more about Banking News, click here.
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