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Aegon Ireland launches RDR-ready charging

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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.

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