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Aegon unveils auto-enrolment proposition

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Aegon UK has revealed details of an online employee benefits “hub” as the provider prepares for automatic enrolment this year.

Aegon says the hub, which is expected to launch in the fourth quarter of this year, will enable employers to manage the information and administration requirements associated with the 2012 reforms.

The provider is also in “detailed discussion” with Nest over how to integrate the Government-backed pension scheme into its workplace savings proposition.

Aegon UK group marketing director Paul McMahon (pictured) says: “Auto-enrolment presents a significant communication and administrative challenge for employers. But, if it’s done well, it’s also a great opportunity for them to engage with their employees and boost the value of their employee benefits spend. Our proposition will help employers do that.

“We’re working closely with Nest to ensure that, where it’s appropriate for our customers, we’ll work with Government to support employers and encourage employees to save towards an adequate income in retirement.”

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