Aegon teams up with NEST on AE proposition

Aegon are the first company to sign a ‘letter of understanding' with the trust, outlining how the arrangement, which will enable employers to offer schemes from both providers, will work. The deal will see the two firms collaborate on administration, communications and tendering for business, and will be regularly reviewed. The administration system, which will include auto-enrolment and re-enrolment processes, employee opt-outs and contribution calculations, will be based on Aegon's auto-enrolment hub. Aegon UK group marketing director Paul McMahon said the dual scheme approach wo...