Aegon targets SMEs with flexible buyout solution

clock

Aegon is launching its first proposition into the pension buyout market with a wind-up funding solution aimed at the smaller end of the market.

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Tyndall Partnerships head Sullivan on bespoke empowerment

Tyndall Partnerships head Sullivan on bespoke empowerment

‘No two IFAs invest in the same suite of models’

Isabel Baxter
clock 09 December 2024 • 4 min read
Smoothed funds set to be a 'bigger asset class for the advice market'

Smoothed funds set to be a 'bigger asset class for the advice market'

‘An attractive low-risk solution for retirees’

Isabel Baxter
clock 25 November 2024 • 3 min read
Advisers no longer see inflation as a major concern

Advisers no longer see inflation as a major concern

Funds offering a level of inflation protection were the last research, Square Mile finds

Isabel Baxter
clock 22 October 2024 • 4 min read