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.'