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Aegon launches online retirement portal for advisers

Aegon has officially launched its post-Retail Distribution Review pension product One Retirement, which provides full online management of client accounts and allows advisers to set variable access levels depending on their clients individual needs.

Complementing Aegon’s existing at-retirement proposition, One Retirement will allow advisers to quote, apply and manage client accounts online, while its servicing model offers online trading, instant valuations and new contributions.

The new product’s ‘report zone’ gives access to management information, including reports on adviser charging, distributions and valuations, while also offering clients online access to view valuations, reports and statements.

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Gordon Greig, proposition director at Aegon UK, said: “The pension market has changed beyond recognition in recent years and it’s simply not good enough to update old products for the new world.

“This is why when we started designing One Retirement, we started from scratch. We went out and spoke to customers and advisers. We studied the current market place and we researched how it is likely to evolve in the future.

“The feedback we received suggested advisers and their customers wanted three things from a new retirement product: it had to be simple, reassuring and rewarding. One Retirement was specifically designed around our findings.”