We recognise that relatively few members may choose to select their own funds. So, we’ve designed our workplace proposition to make it easier for members to engage with their investment choices.
By offering a tiered approach, we aim to help members gain confidence to create their own investment strategies.
Do it for me
We explain how the default fund works in simple terms, so members can decide whether or not it’s right for them.
Our simple infographics and video content helps to explain what a ‘lifestyle’ or ‘retirement target’ fund does and whether it might suit them.
Guide me
We offer ready-made options that members can choose based on their attitude to risk. This is ideal for those who want to choose their own investments, but may not want to build a portfolio from scratch.
Learn more about our range of six Risk-Managed Portfolios – offering simple, cost-effective solutions to suit cautious through to adventurous investors.
Leave it with me
More confident members or those with a financial adviser can login to their online account to choose from over 4,500 investment options, including over 200 funds (as at December 2022) with an environmental, social or governance (ESG) focus.
The Workplace Aegon Retirement Choices range covers:
- Insured funds, including lifestyle funds.
- Collectives – including other pooled funds like Open Ended Investment Companies (OEICs) and unit trusts.
- Equities (direct investment in company shares).
- Investment trusts1.
- Exchange-traded funds (ETFs)1.
Member education and support
Welcome communications
We offer support with emails, worksite presentations and brochures to provide fund information and to engage members in the scheme – helping them make informed investment choices.
Investment education
We have a range of support and education giving scheme members tips on what to think about when choosing investments. This includes short, engaging videos that explain investments in clear terms.
Support into retirement
We contact all members in the run up to retirement, reminding them to review their investments to ensure they’re still suitable and match their retirement goals.
We also send letters to remind those in the scheme default fund about the automatic changes their fund goes through just before retirement. We ask them to check that they’re still on track for the retirement they want and send them to our dedicated Lifestyle hub to find out more about their options.
To find out more about our funds for workplace investors please get in touch or speak to your usual Aegon contact.
Support for you and your clients
Support is available on request online and through our help and support centre, particularly during periods of market uncertainty.
Market outlook and fund developments
We run quarterly webinars and podcasts, keeping you and your workplace clients up-to-date with market trends and regulation affecting investments.
Find out more about our Aegon Retirement Choices scheme support.
Services and tools for your workplace clients
We aim to make scheme management simple and offer a number of tools that employers can use to support their Workplace Aegon Retirement Choices scheme. This includes:
- Member Insights – our comprehensive governance and management information tool that provides insight and analysis of the scheme with actionable and measureable data.
- Report Zone – access to real-time management information about members, investments and contribution trends.
- Employer toolkit – we supply a wealth of supporting material to help with scheme set-up and management of the workplace scheme.
Learn more about services and tools to help support your clients.
The value of an investment can fall as well as rise and isn't guaranteed. The final value of a member's pension pot when they come to take benefits may be less than has been paid in.
1Members must have an adviser to access these investments.