Aegon UK has confirmed it plans to enter the platform market later this year, as revealed by Money Marketing in January 2010.
The firm will use Novia to provide the wrap administration for up to five years.
The platform will be powered by GBST.
Aegon chief executive Adrian Grace says: “We’re bringing together the bespoke technology and leading edge capability of an independent platform provider with Aegon’s renowned heritage and expertise in pensions and strong position in the adviser market.”
The Aegon ‘at retirement’ platform will begin a phased rollout from autumn 2011.
Novia chief executive Bill Vasilieff says: “We are delighted to have been chosen by Aegon to support delivery of its platform proposition.”