Aegon

Aegon is one of the world's leading providers of life insurance, pensions and asset management. Our purpose is to help people achieve a lifetime of financial security.

Retirement

Ben's choice

Available in: Available globally

Aegon is a leading provider of workplace pension solutions, offering a range of services designed to support both employees and employers in achieving their retirement goals. With a focus on flexibility, governance, and member engagement, Aegon delivers tailored pension plans that cater to diverse organisational needs.

A Brief Overview of Aegon's Offerings

Aegon provides comprehensive workplace pension schemes, including:

• Defined Contribution (DC) Pension Plans: These plans allow employees to contribute a portion of their salary, with employers often matching contributions, to build a retirement fund. The final pension amount depends on the contributions made and the investment performance.
• Aegon Master Trust: This is a well-governed, value-driven DC workplace pension scheme that offers robust trustee oversight. It is designed to provide members with a tailored saving experience, including easy-to-use online tools, personalised communications, and a wide investment choice.
• Group Personal Pension Plans: These are collections of personal pension plans provided by employers for their employees. Each member gets their own plan, which both the employer and employee usually contribute to. Contributions are invested in the employees’ chosen funds until they take an income in retirement.
• Investment Options: Aegon offers a range of default investment strategies to suit various schemes, alongside flexible investment options, allowing members to tailor their investment choices according to their risk appetite and retirement goals.

The Main Benefits for Employees

1. Financial Security in Retirement: Regular contributions from both employees and employers help build a substantial retirement fund, providing financial stability in later years.
2. Tax Efficiency: Employee contributions are eligible for tax relief, reducing the overall tax burden and enhancing the growth potential of the pension pot.
3. Employer Contributions: Many Aegon pension plans include employer contributions, effectively increasing the total amount saved without additional cost to the employee.
4. Flexible Access to Funds: Upon reaching the normal minimum pension age, which is rising to 57 from 6 April 2028, employees have various options to access their pension benefits, including lump sums, annuities, or income drawdown, allowing for tailored retirement planning.
5. Online Tools and Resources: Aegon provides easy-to-use online tools and personalised communications to help employees manage their pension plans effectively, offering insights into fund performance and retirement planning.

The Main Benefits for Employers

1. Attracting and Retaining Talent: Offering a robust pension scheme enhances an employer's benefits package, making the organisation more attractive to current and prospective employees.
2. Compliance with Auto-Enrolment Legislation: Aegon's pension solutions assist employers in meeting legal obligations under auto-enrolment regulations, ensuring that eligible employees are enrolled in a workplace pension scheme.
3. Administrative Support: Aegon provides comprehensive support to employers, including plan-level record-keeping, administrative services, and compliance guidance, simplifying the management of pension schemes.
4. Cost-Effective Solutions: By offering group pension plans, employers can provide valuable benefits to employees while managing costs effectively, benefiting from economies of scale.
5. Enhanced Employee Engagement: Providing access to quality pension plans demonstrates a commitment to employee welfare, fostering a positive workplace culture and enhancing overall engagement.

Special Features to Highlight

• Robust Governance: The Aegon Master Trust offers rigorous trustee oversight, ensuring that the pension scheme is well-governed and delivers good value for its members.
• Tailored Member Experience: Aegon's pension schemes are designed so members can tailor the way they save, with access to a wide range of investment choices and personalised communications.
• Comprehensive Support for Employers: Aegon works with over 9,000 employers to add value to their benefits package with workplace pension solutions, empowering employees to live their best lives.
• Focus on Sustainability: Aegon is committed to being a responsible business, taking actions that matter to sustainability and the environment.

In summary, Aegon offers comprehensive and flexible pension solutions that benefit both employees and employers. With a focus on robust governance, tailored member experiences, and comprehensive support, Aegon helps organisations provide valuable retirement benefits, enhancing employee satisfaction and supporting long-term financial security.

More resources

Pricing

£8.00 (example)

This is some text inside of a div block.

Learn more about Aegon

Get the information you need by speaking to a benefits consultant.