Aegon has signed a deal with global wrap provider GBST to help push the insurer's drive into the ‘at retirement' and ‘workplace savings' markets.
The insurer says it will implement GBST's Composer solution to support some of its existing products as well as future propositions.
By streamlining processes, Aegon says the IT support solution for investment trading will improve efficiency and drive its strategy to become a market leader for at-retirement and workplace savings.
Composer offers providers a complete end-to-end solution, from online reporting and transactions, to full back office administration and investment dealing.
Andy Marchant, marketing director at Aegon UK, says: "This is a significant step forward as we move to deliver our new UK strategy which aims to take clear leadership positions in the ‘at retirement' and ‘workplace savings' markets.
"It will help us deliver excellent customer service and support our development of flexible savings products that offer a wide and diversified range of investments and tax efficient vehicles."
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