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Aegon launches One Retirement personal pension product

by Jun Merrett on Jan 29, 2013 at 13:02

Life company Aegon has launched a personal pension product called One Retirement.

One Retirement will allow advisers to quote, apply and manage client accounts online and also have access to online trading, instant valuations and new contributions.

Advisers can also choose various drawdown options online depending on client needs including fully capped, partial, phased of flexible drawdown.

Gordon Greig (pictured), Aegon propositions director, said he expected other providers to follow suit and that product demonstrated the life company’s commitment to the adviser market.

‘We believe it’s unique. We believe advisers and customers will love it and we also believe it sets a new standard in product design that other providers will follow,’ he said.

He added: 'In this post-retail distribution review world, demonstrating the value of professional financial advice is more important than ever. We’re committed to working with advisers to help them differentiate their services and deliver reassuring and rewarding outcomes for their clients. One Retirement puts advisers in control.'

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2 comments so far. Why not have your say?

Unique? Widows has had their Retirement Account since 2007 which has all the bells and whistles of One Retirement apart from flexible drawdown. I like the way Gordon Greig tries to make out that Aegon are market leaders with all other providers 'following suit' - great free PR from Citywire!

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Gordon Greig

Jan 29, 2013 at 17:15

Sometimes things really are unique though – and One Retirement is exactly that – we don’t need any free PR from Citywire to prove it (nice though it is!). It has many features that Retirement Account doesn’t come close on – not “just” flexible drawdown (which is a pretty big gap of itself). What about straight through processing that really is straight through? Or paperless applications that really don’t need a signature? We’ve also got tools that are fully integrated so advisers don’t have to rekey information. I could go on – but don’t just listen to me – talk to the Independent Product Databases – you’ll find that they think it's market leading too.

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