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Aegon platform director departs

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Aegon platform director Bryan Hill is leaving the firm this month.

Hill was recruited in September 2011 from Friends Life to develop the Aegon Retirement Choices platform strategy.

Aegon says Hill’s role has been completed and he will now pursue other opportunities. There are no plans to replace him.

An Aegon spokesman says: “As one of the key architects and executors of our successful platform strategy over the last couple of years, we would like to thank Bryan for his drive and expertise, which have allowed ARC and Aegon One Retirement to be delivered on time, on budget and with award winning innovation in a very competitive market place. We wish him continued success in his future.”

The Lang Cat principal Mark Polson says: ”Aegon has successfully done the unthinkable and launched something with some innovation into the platform market. With that done and the inevitable shuffling of chairs, it is now down to the firm to make sure it keeps the focus on ARC and keep the proposition fresh.”

Aegon soft-launched ARC in November 2011 to around 50 adviser firms before rolling it out in February 2012.

The platform has around 1,500 funds in a combination of insured and authorised funds and over 2,000 investment options which include ETFs, investment trusts and direct equities.

The platform has an unbundled charging structure with a tiered aggregate platform charge starting at 0.6 per cent for assets under £30,000 down to 0.2 per cent for assets over £1m.

The platform technology was developed by software provider GBST while the administration is supplied by Novia.

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