Consolidation toolkit

See the bigger picture when you bring everything together

 

For financial advisers only

Consolidating your clients' assets

Over the years, your clients can often build up a number of pension pots and investments across numerous providers. They may be unaware of the combined value of their savings or even lost track of some. So, consolidating your clients' assets onto Aegon Retirement Choices (ARC) or the Aegon Platform could be the right thing for you and your clients.

Why consolidation could be right for your clients

People consolidate for different reasons:

  • They want to manage their assets online and in one place.
  • They could pay less in charges.
  • It's easier and more efficient to track fund performance.

Bringing your clients' assets together onto ARC or the Aegon Platform makes it easier to see savings all in one place, and could reduce the overall charges clients pay, either through ARC's £250,000 price cap or the Aegon Platform's tiered charging structure. 

Read our Consolidation factsheet for more information on why your clients might want to consolidate, when they do it, and any concerns they might have. 

Consolidation factsheet (PDF, 560kb) Consolidation factsheet (PDF, 560kb)

Consolidation may not be the best option for your clients. It’s important your clients are comfortable with the investment choices they make as they may lose features, protections, guarantees or other benefits when they transfer. The value of your client’s pensions or investments after any consolidation can still fall as well as rise and they may get back less than invested or paid in. Any new funds you move your client's money into will have their own set of risks that will be detailed in the fund information available to you.

Curious what else is available in your consolidation toolkit?

Our consolidation tools can help you identify key opportunities, get in touch with your clients and find how they could potentially reduce charges.

Spotting opportunities

Use Report Zone to access information about your clients to spot opportunities including where they can take advantage of our price caps. Our Report Zone guide can help you choose the correct report. 

Tailoring communications

Get in touch with your clients. Use our sample text to create tailored communications, for whatever stage of life your client is in. 

Find ways to reduce charges

Read our ARC price cap case study or the Aegon Platform annual charge guide for more information about potentially reducing your clients' overall charges. 

Resources to support you

View our Advice Makes Sense hub to find more support material to help you navigate industry changes and continue to grow your business.

If you need help with the process check our ARC How to guides or our Aegon Platform How do I guides.

Our DB to DC case study explores the potential lifetime allowance charge when transferring a client's defined benefit (DB) scheme to a defined contribution(DB) scheme.

An update on the lifetime allowance

Tax planning opportunities using pension contributions

Managing Lifetime Wealth: retirement planning in the UK

What's next?

If you still need help, speak to your usual Aegon contact or get in touch with us at 03456 100 083 - choose option 1, then option 1 again (call charges will vary). Or email us at advisersolutions@aegon.co.uk. 

Please don't email any personal, financial or banking information as it's not a secure method of communication. If you have a dedicated secure email service with Aegon, for example Unipass Mailock, please use this service. Alternatively, you can select one of the options below to log in to ARC or the Aegon Platform.

Aegon Retirement Choices Aegon Retirement Choices
Aegon Platform The Aegon Platform