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Aegon launches RDR-ready pension plans

Adrian Grace

Aegon has launched its RDR-ready Flexible Pension Plan and Group Personal Pension.

The provider will also replace its income drawdown plan with a new RDR-ready proposition at the end of the year. One Retirement is a single account available for pension savings and income drawdown in the at-retirement and workplace savings markets.

One Retirement will use the same technology as the Aegon Retirement Choices platform.

Aegon says it will continue to offer commission-paying propositions until the end of the year.

Aegon UK chief executive Adrian Grace (pictured) says: “We have made some bold decisions that have transformed Aegon UK by focussing on the key markets of at-retirement and workplace savings and have brought fantastic solutions-based propositions to the market that are aligned with our customer and adviser partners’ needs for an RDR world.”

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