AEGON Scottish Equitable has made major changes to its Pensions Scheme Websites tailored for its corporate clients in response to employee needs for workplace education and now offers free access to the ‘mymoneypal’ and ‘mydiscountclub’ portals.

Research by Marketing Sciences (2007) has found that the most popular source for people to get information on retirement is from their employer.* AEGON has reacted to this need for more information with several enhancements to its company pensions scheme websites.

Whereas previously, AEGON’s scheme websites offered generic information on saving for retirement, the new websites provide employers with much more information for their employees on what group pensions are, the need for saving for retirement and what options are available to them.

AEGON’s website now offers simple navigation, money saving offers and a variety of graphical tools, such as:

• Inflation buster that helps employees calculate their cost of living in the future.
• A target benefit calculator that takes different AMCs into account
• Investment risk profiler to help employees work out the appropriate investment choices
• Access to ‘online services’ that supply specific member plan information 24/7
• Free access to ‘mymoneypal’ and ‘mydiscountclub’

If requested by the employer, all pension scheme members will have access to ‘mymoneypal’, the financial education and information portal offering a range of information from tax to inheritance planning, mortgages to pensions, going a long way to help employees make better financial decisions.

‘mydiscountclub’ provides employees access to specially negotiated discounts and offers from a wide range of providers, ranging from weekly shopping essentials, holidays, movies, gym membership, theme parks and wine.

Andy Marchant, Managing Director, AEGON Scottish Equitable Corporate Pensions, said:

“Through research there were areas we identified where we could improve our pension scheme websites and we are now able to do this free of charge for any scheme, giving employers a cost effective way of increasing take-up in the scheme.

“Our scheme website has grown, from being a useful sign-up tool, to more of a hub of information and learning that employees will want to go back to. We believe we now have one of the best pension scheme websites on the market and by adding the ‘mymoneypal’ and ‘mydiscountclub’ portals, we hope to attract quality schemes from employers who recognise and value these additional services.”

Notes to editors

• *Marketing Sciences 2007 Research of its At-Retirement Monitor. 1641 adults at Pre or Post State Pension Age were interviewed about their awareness of financial planning around the time of retirement.
• Findings included the fact that the key sources of information were employers, the Government and IFAs, but 60 per cent of those surveyed wanted more information.

• AEGON has assets under administration of £52.3 billion and employs around 4,000 staff. AEGON is part of the AEGON Group, which is one of the world’s largest listed insurers and has assets around Euro 359bn (£250 billion).

For further information

Jonathan Atkins
Head of Media
T. 0207 200 2502 | M. 07740 897373
jonathan.atkins@aegon.co.uk