Aegon launches fresh pension product

The provider said One Retirement had been set up to operate in a post-Retail Distribution Review (RDR) world and brought increased flexibility to retirement saving. Gordon Greig, proposition director at Aegon UK, said the pensions market had changed "beyond recognition" and it was not good enough to update old pension products. "We started from scratch. We went out and spoke to customers and advisers. We studied the current market place and researched how it is likely to evolve in the future. The feedback we received suggested advisers and their customers wanted three things from a ne...