The workplace savings component of the Aegon Retirement Choices (ARC) platform has gone live today, ahead of a full launch planned for early September, when full details of the proposition will be released.
Aegon chief executive Adrian Grace says: “Our entry into the corporate platform market couldn’t come at a better time. The Workplace Savings market is undergoing a period of significant change. Pensions reform and the Retail Distribution Review (RDR) will transform pension products and services and how they are distributed to employers and employees. Employers are looking to offer a wider choice of savings vehicles than a pension alone and people are living and working longer. The workplace savings market is changing, driven by technology that provides intuitive and efficient retirement planning solutions. Our workplace savings platform proposition on ARC has tackled all of these issues and delivers a compelling solution to advisers, employers and employees.”
“We are using the quiet Summer holiday period to engage with corporate advisers and will be revealing the proposition details in full at an official launch event in September.”