In April this year, Aegon launched its innovative auto-enrolment proposition, catering for the needs of employees, employers and advisers in the UK. The government estimates 11 million people in the UK will be auto-enrolled under the new pension reforms, so finding an appropriate default fund for scheme members is more important than ever.

Aegon undertook extensive customer research and found that most employees are daunted by the prospect of investing and are therefore likely to remain invested in the scheme default fund. That’s why all the funds in this proposition offer straightforward one-fund solutions that incorporate lifestyling.

The new proposition aims to make choosing a scheme default fund as straightforward as possible for employers and advisers giving investors access to reassuring and rewarding pension savings that target growth over the long term.

At the heart of Aegon’s auto-enrolment proposition sits a trio of Aegon’s MI Workplace Savings funds, each targeting a different level of risk. The mid-risk version of this fund has been selected as Aegon’s new ARC auto-enrolment default fund,which BlackRock has been appointed to manage. The three options allow UK employers to choose a fund with an appropriate level of volatility for their scheme, and an added layer of risk management that Aegon believes could help limit the impact of sharp market falls. 

To complete our ARC auto-enrolment proposition, we offer four further lifestyle funds giving access to a mixture of passive and active investment strategies and various risk options based on traditional asset allocations.

To find out more about our new auto-enrolment proposition.