Barclays Corporate and Employer Solutions (C&ES) division has launched a pensions platform in partnership with Aegon and Zurich.
This will provide employers with access to Barclays Wealth and Investment Management’s investment funds, which are suitable for use by employees as default investment options.
The offering is being overseen by Katharine Photiou, who joined Barclays C&ES as head of workplace savings in May 2012 from Mercer. She said: “Barclays has an enormous depth of resource and expertise in investment fund research, analysis and in behavioural science.
“As a wealth manager, we understand both the investment and decision-making challenges that individuals have in accruing wealth, and this means that we are far more attuned to the [defined contribution] (DC) market than those that approach the challenge from an institutional perspective.”
Richard Phelps, head of Barclays C&ES, added: “Harnessing the capabilities of the Barclays Group, as well as joining forces with Aegon and Zurich for our corporate pension offering, underlines our commitment to bring something different and compelling to the workplace savings arena.”