Aegon platform exceeds £1bn

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Aegon platform exceeds £1bn

Aegon UK’s platform has raced to £1bn Assets Under Administration and claims it is now the fastest growing platform in the market.

Aegon Retirement Choices was a late entrant to the platform market, but the rapid growth since the turn of the year has been phenomenal.
 
Adrian Grace, Aegon UK CEO, said:

“While I’m delighted we have hit the £1bn mark, it’s the pace we have built, delivered and grown this proposition that pleases me more.
 
“This has gone from a concept to a market-leading platform in the space of three years, which is quite simply unprecedented!
 
“Although we launched in the second half of last year, the strategic focus of the business only switched to the platform in 2013, therefore we have reached this milestone figure in just ten months. This is phenomenal and recent data shows that (month on month) we have the fastest growing platform in the market.
 
“This success is testament to the truly innovative platform we have built. We have focussed on technology, efficiency and meeting the needs of the end customer - and this has paid off in a big way.”

In 2014 Aegon is looking forward to this new business growth continuing, but will also be focussing on upgrading its existing customers onto ARC.
 
Adrian Grace continued:

“This is only the start of our journey, we have extensive plans to build our proposition for customers, employers and advisers. We want all our customers to benefit from the innovation of ARC and this will be one of our key objectives next year. 
 
“Our proposition is based around the needs of our customers, but the advised market is absolutely crucial to our success. We have built our new proposition with a shared experience in mind and with clear advice points, where we believe advice is essential.
 
“This is about providers and advisers working together in the best interests of our customers.”

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Latest Comments

becky scanlon
becky scanlon 03 Aug 2015

Service is so often overlooked from a business development point of view, there is always a tenancy to focus on strategy for continued growth and business development. We have tried to remember to put

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Good advice makes a huge difference to people when they are navigating their choices on savings and retirement, but the rules today have not kept pace with people's needs.

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There are a number of significant changes that have far reaching consequences and see the most radical change to insurance law for more than 100 years.

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The mortgage market got its skates on in June, playing catch-up after May's stumble in lending.

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The market is likely to become increasingly competitive in future months, as low inflation, low rates and rising wages will act as a catalyst for demand.

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The opening of the demand flood-gates is likely to drive house price inflation to new highs in the future unless more houses are built to bring balance to the market.

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magnus duke dadzie
magnus duke dadzie 22 Jul 2015

Well done to Chris and the team...Keep on tracking

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Graham
Graham 21 Jul 2015

Excellent products but 'Market leading service' - who on earth are they trying to kid? They have been the single worst mortgage company for service for years. If they can keep spouting such rubbish as

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Younger people looking to get a foot on the ladder are facing fierce competition and this, along with the lack of supply, is driving up prices at a faster rate when compared to larger properties.

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Melanie Prendivillle
Melanie Prendivillle 18 Jul 2015

Martin Wheatley is the best man for the Job. What a shame that George Osborne doesn't think so. He was the only one who knew what was going on and stopped the banks from running riot. The consumers were...

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lotuscat
lotuscat 17 Jul 2015

Should have departed long ago, seems to have lacked judgement and presided over several disasters

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Activity in the housing market has failed to reach the levels anticipated at the start of the year and this picture is backed up by today’s CML data.

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