Aegon UK has appointed Axa Wealth business development director Martin Coyle as head of platform sales.
The Aegon Retirement Choices platform soft-launched in November to 50 adviser firms and is expected to be rolled out to the wider market in the first half. The platform has an unbundled charging structure with a tiered aggregate platform charge starting at 0.6 per cent for assets under £30,000 and falling to 0.2 per cent for assets over £1m.
The technology has been developed by GBST while the administration is supplied by platform provider Novia.
Coyle will work alongside Paul Healey who is heading sales for the Aegon UK workplace savings platform which is due to launch late in the first half of this year.
The firm says the two platforms will be linked so clients can transfer from their work- place savings investments into their at-retirement solution.
Aegon UK platform director Gordon Greig says: “This is a further development in the process of Aegon’s entry into the UK platform market.”