Aegon to launch guaranteed drawdown product on retirement platform

Secure Retirement Income will be available on the providers Retirement Choices platform and One Retirement products. It said the combination would be attractive to retirees looking for a "better blend of security and flexibility". Aegon managing director David Macmillan said: "As a business Aegon is focused on helping people accumulate savings up to retirement and then manage their income effectively in retirement. "In the past the insurance industry typically only focused on the accumulation phase but the Budget has changed everything and now a differentiated income proposition is...