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Aegon to launch “at retirement” platform

Aegon UK is to launch a platform servicing the “at retirement" market.

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The company said the proposition would be subject to a phased roll-out beginning in the autumn. The technology behind it will be provided by GBST, an Australian provider of online trading and security transaction software.

Aegon said advisers would be able to use the platform in isolation or alongside existing platforms.

Adrian Grace, the new chief executive of Aegon UK – who recently replaced Otto Thoreson, said: “Advisers and consumers need specialist help as they start to think about retirement planning. By differentiating our offer from our competitors by specialising in this area we believe that we are bringing new, fresh thinking to a crowded market place for wealth-based platforms.

“We’re bringing together the bespoke technology and leading edge capability of an independent platform provider with Aegon’s renowned heritage and expertise in pensions and strong position in the adviser market. It’s an innovative approach and we believe it’s the right strategy to strengthen our position as one of the UK’s leading providers.”
 
Bill Vasilieff, Novia chief executive, said: “Aegon’s platform will really stand out in the marketplace as they target the ‘at retirement’ and workplace savings sector. We welcome the opportunity to work with AEGON to support their ambitions.”
 

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