Aegon demands RDR consideration for corporate pensions

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Aegon has called on the pensions industry to take account of the distinctive operation of the corporate pensions market when responding to the Retail Distribution Review (RDR).

The provider highlights that group personal and stakeholder pensions fall within the scope of the RDR, although they did not receive much attention in the discussion paper. Aegon says the role of the employer makes the group market very different from the individual market and believes the problems identified by the FSA in the individual retail market do not translate directly to the corporate market. The provider says imposing individual market solutions will not work and could potentially cause damage. Aegon says it would like to see the RDR used as an opportunity to improve the effi...

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