Pensions - Articles - Aegon launches pension plans ready for RDR

 Aegon has launched its RDR-ready Flexible Pension Plan and Group Personal Pension.

 The provider has also replaced its income drawdown plan with a new RDR-ready proposition, One Retirement, which is a single account available through the Aegon Retirement Choices platform for pension savings and income drawdown in the at-retirement and workplace savings markets.

 Aegon says it will continue to offer commission-paying propositions until the end of the year.

 Aegon UK chief executive Adrian Grace (pictured) says: “We have made some bold decisions that have transformed Aegon UK by focussing on the key markets of at-retirement and workplace savings and have brought fantastic solutions-based propositions to the market that are aligned with our customer and adviser partners’ needs for an RDR world.”