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Aegon Ireland launches RDR-ready charging

by Rachael Revesz on Dec 18, 2012 at 16:06

Aegon Ireland launches RDR-ready charging

Aegon Ireland has announced that its product range is retail distribution review (RDR)-ready, allowing adviser charging facilitation including initial, ongoing and ad hoc payments.

It said it had removed charges related to its Wealth Management Portfolio bond and added adviser charging options. Adviser charging facilitation will also be available on its Aegon Secure range of unit-linked guarantee solutions, and it said it had improved income rates on the products.

Simon Skinner, chief executive of Aegon Ireland, said: ‘We are increasing the income rates for customers seeking lifetime income,’ he said. ‘For customers who want capital security combined with adviser charge facilitation, we can lock in 100% of their capital over terms as short as 10 years.’

Aegon UK announced its RDR-ready proposition earlier this year, allowing current commission-paying products until 28 December.

1 comment so far. Why not have your say?

Simon P via mobile

Dec 20, 2012 at 16:38

How will AC be facilitated? - presumably this will be outside the product - or will the guarantee be reduced by the value of the AC? if AC will be paid without affecting the guarantee this would be very attractive - although would sound a bit like commission still

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