Employer confirmation

This area of our website is designed for employers only.

If you’re a customer or financial professional, please select Homepage below and choose the relevant area of the website.  We’ll only ask you to do this once on each device you access our website on.

Continue to Employer site
Homepage

TargetPlan

TargetPlan is designed to make things as simple as possible for employers with complex needs to manage their workplace pension schemes.

TargetPlan workplace pension

Our TargetPlan scheme takes into account some of the HR complexities that come with a large or diverse workforce. 

It can be challenging managing multiple payroll systems, working to various pay dates and working with a number of different contribution schemes so, we designed TargetPlan to make it easier. 

What type of workplace pensions does TargetPlan offer?

TargetPlan can support three types of defined-contribution (DC) pension scheme - a contract-based pension, a trust-based pension, or a master trust. Each scheme is simple to set up, administer, and includes flexible investment and retirement options.  

By choosing us for your workplace pension, we can also offer your employees access to other long-term savings and investment products.  

Contract and trust-based defined-contribution pensions

TargetPlan contract

Our TargetPlan Group Personal Pension and Group Stakeholder schemes are both contract-based defined-contribution (DC) pensions and can be used to meet your automatic enrolment obligations. Our contract-based DC pensions, offer you the same administrative flexibility as the master trust.

Own trust

We also offer a full auto-enrolment service, or you can choose for us to only do parts of the service, such as relevant communications targeted at each category of worker, opted-in or opted-out. Alternatively, our trust-based pensions could be a good option if you’re seeking a pension that’s run by a board of trustees that you can appoint, rather than by the provider. Our TargetPlan trust-based pensions can either be fully administered by a third party or used as an investment-only service.

Aegon Master Trust

Aegon Master Trust combines independent governance, with flexible investment choices and robust administration. A master trust is a multi-employer pension scheme where each employer has its own separate division, but governance, trustees and regulatory responsibilities are centralised. This reduces operating costs and offers more simplicity than a single-employer scheme.

More ways to save

Using our online platform, you can also choose to provide employees with access to a tax-efficient stocks and shares individual savings account (ISA).

By offering a pension account and an ISA in one place, TargetPlan can allow every employee to adapt to their changing investment needs during their working life and beyond.

Trusted by employers

TargetPlan supports the workplace savings needs of many employers across the UK.

We recognise that large employers and group companies often have a variety of HR and pay-roll systems, pay scales, pay days and contribution schemes across different locations and divisions. 

Plus, with a member-specific online view, each member only sees the information that’s relevant to them. When part of Aegon Master Trust, you’ll also be able to tailor your communications for different members. 

Flexible investment solutions

At the core of TargetPlan’s investment offering is a robust default option designed for members who prefer a ready-made, long-term investment solution. The TargetPlan default strategy, Aegon LifePath, supports members throughout their savings journey, focusing on growth in the early years and gradually shifting to investments that are considered lower-risk as retirement approaches.  

Offering your employees choice is a key principle behind TargetPlan’s investment offering. We provide a wide selection of investment options, giving members the flexibility to tailor their pension investments to suit their personal goals and values.

The TargetPlan fund range includes a diverse selection of funds across all major asset classes with ethical and Shariah-compliant options. In addition, we can accommodate adviser-specific investment solutions beyond our standard range, offering even greater flexibility and control.

The value of an investment can fall as well as rise and isn’t guaranteed. The value of your member’s pension pot when they come to take benefits may be less than has been paid in.