Aegon has launched three new unit-linked guarantee products which allow investors to lock-in growth on an annual basis.
The products will work in a similar way to the protected bonds unveiled by rival MetLife in February.
The Aegon secure capital bond offers both future capital and death benefit guarantees.
The Aegon secure income product offers an income guarantee, a death benefit guarantee and a guaranteed benefit which is paid at the end of the guaranteed income period.
The third product, the Aegon trustee investment plan, is targeted at Sipp and Ssas customers and offers trustees a combination of income and capital guarantees.
The income guarantee is equal to 5 per cent of the original investment for 20 years. The capital guarantee protects investors against loss for a period of eight to 20 years, depending on the terms agreed with the provider.
All three products are offshore bonds issued and guaranteed by Aegon Ireland.