Aegon UK’s Independent Governance Committee (IGC) was set up in April 2015. 

The role of an IGC is to act independently of their pension provider as a customer advocate by reviewing whether workplace pensions and Investment Pathways provide value for money, challenging providers accordingly. The IGC makes recommendations to Aegon UK’s Board of Directors regarding value for money for workplace pension scheme members and Investment Pathway customers.

To protect your interests, the IGC has a blend of skills and experience from across the pensions industry. This includes legal, pension scheme governance and actuarial expertise from the independent members and insight into Aegon UK’s business model and its customers from the Aegon UK IGC representatives. Together, the expertise and experience makes sure the IGC is able to make judgements on the value of money for Aegon UK’s workplace pension scheme members and Investment Pathway customers.

The IGC published it's seventh report in September 2023. You can read this, and the previous reports, by downloading from the menu below.

Who is on Aegon UK’s IGC?

Aegon UK’s IGC is chaired by Alison Bostock and including Alison is made up of five members; three independent members and two Aegon UK Members.

Profile of Alison Bostock

Alison joined ZEDRA Governance Ltd as a full time professional trustee in 2015, after a 25 year career in pensions consultancy as an actuary. Alison acts as trustee to a number of DB and DC pension schemes, and is a leading member of ZEDRA's Governance Advisory Arrangement which acts as an IGC to assess value for money for the workplace pension schemes and investment pathways of a large number of smaller providers. Alison holds the PMI Certificate in DC Governance as well as being an accredited professional pension trustee and a member of the Council of the Association of Professional Pension Trustees.

Profile of Helen Parker

Helen Parker has 30 years’ experience working on consumer issues, first in executive roles and now as a non-executive. Helen was a member of the senior leadership team of Which?, Europe’s largest independent consumer organisation, for more than a decade. Helen now has a number of non-executive roles with a focus on consumer engagement and protection. She is a non-executive director of the Financial Services Compensation Scheme which protects consumers when authorised financial services firms fail, and is also a non-executive committee member of Healthwatch England, the independent national champion for people who use health and social care services.

Ramona Tipnis

Ramona joined Capital Cranfield as a professional trustee in 2022. Since accepting her first role as a trustee in 2011, Ramona has successfully applied over 20 years of experience in investment management and analysis. Her expertise is strengthened by a five-year tenure as Head of Investor relations at a major national retailer. Ramona is an experienced Chair and trustee across DB, DC and hybrid schemes. Her previous involvement with the ZEDRA Governance Advisory Arrangement has provided her with a deep understanding of value for money assessments necessary for workplace schemes and investment pathways. Additionally, Ramona holds accreditation as a Professional Trustee from the Association of Professional Pension Trustees.

Alan advises the Board on the management of Aegon’s with-profits fund and is responsible for ensuring the fair treatment of its with-profits policyholders. He also supports oversight of Aegon’s capital, liquidity, and solvency, ensuring that the organisation remains financially secure for the long-term. With over 27 years of industry experience, Alan has a deep understanding of pensions and investments, having held senior actuarial, pricing and finance roles with UK life and pensions product providers. Alan has a keen focus on ensuring Aegon achieves good outcomes for its customers and that its workplace pensions and pathway investments give value for money.

Profile picture of Andy Manson

Andy is responsible for the development and marketing of propositions across workplace, wealth and protection channels. Andy has over 25 years of experience in the industry across a range of marketing, operations and distribution roles. He joined Aegon from KPMG in 2016 where he was a management consultant working with insurers, advisers and asset managers to drive strategic change. Prior to this, Andy held a number of senior roles at Standard Life. Andy brings a deep understanding of Aegons' business and its ambition to transform member outcomes embedding financial wellbeing at the heart of its business. He is ensuring that the products Aegon offer deliver value for money and that the right communications are in place to connect all members with their savings to help them get the most out of it.

Alison and Ramona are corporate IGC members. This means they're employed by companies which provide professional independent services, and Aegon UK’s service contract is with the company rather than the individual.

Alison and Helen are also members of the Board of the Aegon Master Trust (AMT). A Master Trust is a multi-employer occupational scheme where each employer has its own division within the master arrangement. There is one legal trust and therefore one trustee board. The Trustee retains decision making independence for each division on things such as investment and service providers under a trust wide governance structure. Master Trusts offer employers the benefit of a governance function but with generally lower operating costs, greater simplicity and expediency than a single employer scheme.

We believe the IGC and AMT share common goals and objectives to ensure customers are receiving value for money, therefore there are clear benefits to having individuals who are members of both the IGC and Master Trust.

Terms of Reference

Read the Terms of Reference applicable to our IGC.

Get in touch

The IGC is particularly keen to ’hear from workplace pension members and Investment Pathway customers. If you'd like to contact the IGC, you can get in touch by email at:

If contacting us by email, please don't include any personal, financial, or banking information as email isn’t a secure method of communication. If you decide to send information in this way, you’re doing so at your own risk as there’s no guarantee that any email sent by you to us will be received or remain private during transmission. Where secure online journeys are available, please login to complete these.