Aegon targets SMEs with flexible buyout solution

Using the Trustee Solutions branch of Aegon, the company says the new solution for closed defined benefit (DB) schemes will allow employers to reduce the risk on scheme liabilities and company balance sheet volatility. It says it has decided to launch the new solution following its new ability - since 16 October - to provide deferred annuities. As it says although it was previously able to take on DB schemes on a 'bundled' basis - providing administration, investment, and scheme documentation - it now feels it can offer a phased wind-up solution. The launch follows Aegon’s decision to e...