Aegon links with Novia for platform launch

Aegon UK is linking up with wrap Novia to launch two platform propositions focusing on the 'at retirement' and 'workplace savings' markets.

The new platforms will be offered alongside Aegon's existing range of pensions, investment and protection products.

Aegon has chosen Novia, whose platform is powered by GBST, to support the delivery of its platform development.

The first ‘at retirement' platform, set for a phased roll-out from the autumn, will offer "flexible" options for advisers who will be able to use it either independently, or alongside existing platform solutions.

Platform functionality for the corporate savings market will follow early in 2012, Aegon says.

Adrian Grace, who has replaced Otto Thoresen as CEO of Aegon UK, says: "Advisers and consumers need specialist help as they start to think about retirement planning.

"By differentiating our offer from our competitors by specialising in this area, we believe that we are bringing new, fresh thinking to a crowded market place for wealth-based platforms."

Bill Vasilieff, CEO at Novia, adds: "We are delighted to have been chosen by Aegon to support delivery of their platform proposition.

"This follows a long and rigorous due diligence process and reflects the outstanding quality of the Novia platform and service."