Aegon said the proposals could lead to customer confusion and additional costs for providers
The industry is supportive of improving member outcomes but called for tailored approach to DC
Passing the £10bn mark strengthens Aegon’s commitment for its defaults to be net zero by 2050
The firm will lead on developing the conventions for matching dashboard users to their pensions
The volunteers will have a potential combined coverage of more than 30 million pensions
It is the insurer’s third APP transaction and the largest APP transaction to date
More than half of schemes plan to have fully documented member journey plans within 2 years
The guidance was set up to help the industry plan for investment in new technology opportunities
The firm has committed £2.1bn to the new fund split across three separate mandates
The fund range provides a number of outcomes for clients depending how they want to allocate capital