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At Aegon, we’re collaborating with advisers and EBCs on a transformative journey to become the leading digital savings and retirement platform, delivering exceptional member outcomes. With over 190 years of experience, we stand as the UK’s largest investment platform, providing workplace pension schemes to nearly 9,000 employers.
As people live longer, we face both opportunities and challenges. The era of guaranteed ‘defined benefit’ income and adequate state support is fading, and we’re here to guide our members through a multi-stage life. We help them understand their choices and support them in making informed decisions.
Financial wellbeing remains at the core of everything we do. Years of insight into financial wellbeing and the 100-year life, including our Second 50 research, highlight the critical topics members need to consider for a longer life. Our award-winning approach goes beyond budgeting and financial resilience, focusing on our relationship with money and what truly makes us happy. Led by Dr. Tom Mathar, our thought leadership, content, and tools emphasise the importance of mindset alongside money, helping members set targets, take small actions to improve their wellbeing, and stay on track.
Additionally, our digital tools help members understand their risk appetite and filter investment options accordingly, helping them determine the income needed to achieve their goals in their second 50 years of life.
We leverage the power of insight, engagement, and market-leading technology to build strong relationships with our members. By fostering trust and enhancing engagement, we aim to boost members’ confidence in their future and inspire better actions. Our innovative digital guide, Mylo, plays a crucial role in this process.
Mylo is a trusted guide and partner, helping members maximise the benefits of saving with Aegon. It offers a vibrant and simple experience, with intuitive tools and timely nudges to enhance engagement. Mylo understands members’ interests and key life moments, delivering relevant and engaging content.
Whether delivered digitally, by phone consultations, or in-person advice, we ensure members receive the right help at the right time through education, guidance and advice. Our industry-leading offerings, including Pension Geeks, Aegon Assist, and Origen, provide comprehensive support. We can also seamlessly transition members between workplace and wealth management on a unified digital platform.
Aegon is revolutionising retirement savings through our investment solutions. We have received FCA approval for all three Long-Term Asset Funds (LTAFs), set to house the private market investments of our largest default. This significant development represents a key milestone for UBC, targeting enhanced outcomes and value for money for over 700,000 members.
In addition, we’re making important changes to our Master Trust default fund, Lifepath. A key focus of the enhancements is to maximise the potential for growth by keeping members invested in equities for longer by shortening the glidepath length. We’ll also continue to focus on our commitment to ESG, aiming to halve greenhouse gas emissions by 2030, achieve net-zero by 2050, and invest £500 million in climate solutions by 2026.
Our DC pension schemes cater to both members and their families, enabling inter-generational financial planning. Our More ways to save proposition includes ISAs and GIAs, and family price match allows the wider family to benefit from the same competitive charges as the scheme member.
With the global commitment of the Aegon group and next-generation technology, we’re poised to deliver a market-leading digital engagement experience and workplace proposition. We are really excited about our ongoing transformation into the leading digital savings and retirement partner you and your clients need.
Watch our video to find out how we’re delivering this journey of transformation for our members.
