Liverpool Victoria (LV) has launched a new pensions product which it claims should suit people's individual needs.
The firm's Flexible Transitions Account allows investors to access a wide range of pension investment options.
A revamped version of LV's self invested personal pension, the new product allows people to put their cash into accumulation and decumulation offerings as well as asset funds and other investment vehicles.
Ray Chinn, head of pensions at LV, said: "With many people currently facing uncertainty, especially those approaching their retirement, this is an ideal opportunity to introduce a one-stop pensions solution."
The pensions product should help people address the issues that matter to them when it comes to retirement planning, he added.
Recently, a study by Fairinvestment.co.uk found that 39 per cent of British adults do not currently have a pension plan .
It also found that 20 per cent of people who do have a pension scheme have had to stop or reduce contributions due to the economic downturn.
LV launches new pensions product
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LV launches new pensions product
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