Aegon plans to beef up its platform offering by adding third-party model portfolios and access to annuities.

Aegon has struck deals with four discretionary fund managers (DFMs) to provide model portfolios on the platform. The four are: Hawksmoor Investment Management, Saltus Partners, Albert E Sharp Investment Management and Strutt & Nightingale.

Aegon is understood to be in discussions with 25 further DFMs and has reached legal agreements with 12.

The life company has also teamed up with Legal & General, Canada Life and Aviva to provide annuities for its annuity portal that will launch on the platform in April. Just Retirement will provide an enhanced annuity for the portal.

Non-advised customers who use the annuity portal will be offered the opportunity to meet with an IFA from Aegon-owned Origen Financial Services.

Rod McKie, Aegon head of at-retirement marketing, said the annuity tie-ups aimed to give customers more choice.

‘This is about giving customers and advisers a wider choice than just an Aegon annuity,’ he said. ‘We are exploring different opportunities and how we can offer access to the best retirement outcome for customers and advisers.’

New Model Adviser® understands the DFMs Aegon is in talks with include Vestra Wealth, Cornelian Asset Managers, Seven Investment Management, Evercore Pan Asset, Thesis Asset Management, Ingenious Asset Management and London & Capital.