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Aegon launches One Retirement Sipp product

Aegon has today launched a new online individual Sipp product called One Retirement, using technology from its Aegon Retirement Choices platform.

Advisers can co-brand the stand-alone proposition and create their own model portfolios, choosing the level of access clients have to self-select.

Products available through the wrapper include insured funds, unit trusts, Oeics, stocks and shares, investment trusts, collectives, equities, unit-linked guarantees and ETFs.

One Retirement offers drawdown options across fully capped, partial, phased or flexible drawdown.

It has tiered charges ranging from 0.35 per cent up to £99,999.99 to nil on any sums over £1m.

Aegon UK proposition director Gordon Greig says: “We have carefully listened to advisers and customers. We know they are looking for modern, flexible, transparently priced and competitive solutions. It is as simple or as sophisticated as they need it to be to fit with their own business models and their clients’ retirement objectives.”

Charging band

Fund value

Annual charge percentage

1

First £99,999

0.35%

2

Next £150,000 (£100,000 to £249,999)

0.3%

3

Next £250,000 (£250,000 to £499,999)

0.2%

4

Next £500,000 (£500,000 to £999,999)

0.1%

5

£1 million and over

nil

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