Aegon announces new Head of Master Trust
Following the acquisition of BlackRock’s UK defined contribution (DC) platform and administration business, Aegon UK has announced the appointment of Kate Smith in a newly created role of Head of Master Trust.
Kate will be responsible for leading the development of Aegon’s master trust proposition including the authorisation process.
Commenting on the appointment, Chief Distribution Officer, Ronnie Taylor, said:
“Our master trust is a key part of our workplace strategy and I’m delighted to have Kate driving this forward given her expertise in the workplace market.
“The Pension Regulator has raised the bar with its new regulations to improve master trust standards across the board. Kate’s appointment endorses our commitment to the master trust market and the work we are doing to support the trustees’ application for authorisation.
“We also want to keep an eye on the future, of the growing master trust market and develop our master trust so it becomes the first choice for employers in our chosen market.”
Commenting on her appointment, Kate Smith, said:
“It’s an exciting time for workplace pensions and to ensure they continue to thrive we as providers must keep raising our game, supporting employers and helping employees save for life after work. Master trusts make up a huge part of the workplace pensions landscape and are set to grow exponentially in the next ten years, and we are keen to be part of this. The new regulations will make master trusts stronger and give greater protection to members.
“I look forward to helping the trustees take the Aegon Master Trust through the authorisation process and supporting its development as part of our wider workplace proposition.”
Kate joined Aegon in 2006 having previously worked for PricewaterhouseCoopers LLP and Mercers HR Consulting. She was most recently Head of Pensions at Aegon.
She has over 30 years of experience in the pensions industry and is a Fellow of the Pensions Management Institute and Associate of the Chartered Insurance Institute. She was recently named Woman of the Year – Retirement, in the Women in Financial Advice awards.
She will remain one of Aegon’s main media spokespeople, covering a broad range of long-term pensions and savings issues.
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Notes to Editors
- In the UK, Aegon offers retirement, workplace savings and protection solutions to around two million customers and employs approximately 3,450 staff. More information: aegon.co.uk
- As an international life insurance, pensions and asset management company based in The Hague, Aegon has businesses in over twenty-five markets in the Americas, Europe and Asia. Aegon companies employ over 28,000 people and have millions of customers across the globe. Further information: aegon.com
Aegon is a brand name of Scottish Equitable plc. Scottish Equitable plc, registered office: Edinburgh Park, Edinburgh EH12 9SE. Registered in Scotland (No. 144517). Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register number 165548. An Aegon company.www.aegon.co.uk
© 2018 Aegon UK plc.