Aegon UK to enter corporate wrap market

Aegon UK will enter the corporate wrap market in autumn 2011 as it accelerates its plans to focus on the at-retirement and workplace savings markets.

The new product, which will be launched with platform specialist Novia, will be offered alongside Aegon’s existing range of pensions, investment and protection products.

Aegon will begin a phased rollout from autumn 2011.

Adrian Grace, chief executive of Aegon UK, said: “Offering a platform alongside our existing products puts us in a position of real strength as we step up our plans to grow in the UK by focusing on two chosen growth markets.

“Advisers and consumers need specialist help as they start to think about retirement planning. By differentiating our offer from our competitors by specialising in this area we believe that we are bringing new, fresh thinking to a crowded market place for wealth-based platforms.”

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