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Advisers will be able to get a better insight into Aegon’s workplace pension schemes with upgrades to its governance tool.
Enhancements to its member insights tool, launched five years ago, gives employers and advisers the chance to get a better view of pension schemes and monitor member outcomes.
It now includes an industry comparison section as well as a gender pension gap section which pulls together key metrics on age and gender split.
There is also a new deferred members section which Aegon said would be of value to trustees of trust-based schemes where they have ongoing obligations to their deferred members.
Nick Roy, director of client and partnership development at Aegon, said: “Aegon’s Workplace platform offers retirement solutions for employers and already occupies a top three market position in terms of winning new business – and the enhanced Member Insights tool makes our propositions even more appealing.
“We are focused on making pension savers experience easier and better. Superior digitalisation and automation of our retirement proposition makes the employer and adviser offering even stronger.”
Aegon is expected to make further additions to its member insights service.
The firm said its member insights campaigns have achieved engagement rates of more than 40 per cent.
Roy added: “As employers increasingly focus on supporting their employees to close the Gender Pensions Gap, the enhanced Member Insights tool now helps to identify areas and take action to close this gap.
“This is just the first set of deliveries as part of a series of ongoing enhancements – with more to come that will enhance Member Insights and add value to our overall Workplace proposition.”
tara.o’connor@ft.com
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