Simplifying complexity for you and your clients
TargetPlan offers a reliable retirement savings solution that adapts to your clients' needs, all within a single scheme. It's built to support large employers and multi-division organisations with:
- Multiple payroll systems and cycles
- Varied contribution structures
- Different investment strategies
- Payroll processes across locations or divisions
TargetPlan is easy to set up and manage, with built-in flexibility across investment and retirement options. Schemes can also include a stocks and shares ISA alongside a pension, offering tax-efficient savings in one place. This gives employees the freedom to adjust their investments as their needs evolve, throughout their career and into retirement.
A target-date default strategy designed to simplify retirement
Aegon LifePath is the default investment strategy for TargetPlan, offering a dynamic, long-term solution that evolves with members' needs from early career through to and into retirement.
The strategy targets growth in the early years with a 100% allocation to equity and equity-like investments. From 15 years before retirement, it gradually de-risks to align with one of three retirement outcomes, giving members choice and flexibility at retirement.
Based on BlackRock's LifePath philosophy, the funds are managed by Aegon and invest in a diversified range of underlying funds, which integrate ESG as standard (level of ESG integration differs as asset allocation changes).
Providing choice with a diverse self-select fund range
For members who prefer to choose their own funds, we offer a diverse choice of other funds (differs by the product selected). The range includes funds aligned with specific asset classes or regions, as well as Shariah-compliant and responsible investment options, enabling members to build a diversified portfolio aligned with their personal values and goals.
Key benefits for you, your clients and their employees
TargetPlan enables you to tailor a workplace retirement savings solution that focuses on the needs of your client, and help their employees save and invest in the way that’s most appropriate for them.
Flexibility
Your clients can offer their employees a simple pension-only solution or combine their scheme with an ISA. There’s also full flexibility for members when they’re ready to take their benefits, including the ability to move into drawdown.
Investment choice and flexibility
Robust default fund option and a wide offering of self-select funds across multiple asset classes. Schemes can also tailor investment choices to meet specific objectives.
Corporate sustainability
Sustainable growth and making a positive impact in our communities, and on the environment, is an essential of what we do. Find out more about our commitment to making a positive impact.
Easy to manage
Your client will be able to easily manage their scheme with access to our straightforward online service as well as comprehensive reporting information.
Management information
Our Member Insights online tool gives you and your client management information to help with scheme governance as well as the ability to send tailored messages to members to help address any governance actions.
Resources to support auto-enrolment
Our dedicated team and simple-to-use tools can help employers feel confident managing their auto-enrolment duties, securely and reliably.
Employee engagement
We can help your clients keep their employees engaged with communications that focus on the customer and use plain English. We use our customer panel to test our communications and use behavioural economics to drive member action.
Online employee experience
Employees can view their pension online and use the mobile app at their convenience, so they can easily stay engaged with their plan. No matter how complex the scheme is, we’ll make sure members only see the information that’s relevant to them.