New technology will support AEGON UK strategy to deliver market leading propositions in the ‘at retirement’ and ‘workplace savings’ markets.
AEGON UK today announces it has signed a deal with GBST, a leading global provider of technology solutions. The agreement will see the implementation of GBST’s Composer solution, ensuring AEGON has the technology and future capability in place to support some of its existing products and future propositions as it moves to its new strategic focus on the ‘at retirement’ and ‘workplace savings’ markets.
GBST Composer offers a proven IT support solution for efficient investment trading. Composer offers providers a complete end-to-end solution, from online reporting and transactions, to full back office administration and investment dealing.
Commenting on the deal, Andy Marchant, Marketing Director at AEGON UK, said:
“We are delighted to be working with GBST who we selected after a comprehensive selection process. We are impressed with GBST’s Composer solution providing us with a flexible, scalable and cost effective investment trading solution.
“This is a significant step forward as we move to deliver our new UK strategy which aims to take clear leadership positions in the ‘at retirement’ and ‘workplace savings’ markets. It will help us deliver excellent customer service and support our development of flexible savings products that offer a wide and diversified range of investments and tax efficient vehicles.”
Robert DeDominicis, CEO for GBST Wealth Management said:
“The project will deliver improved management processes and efficiency and will support AEGON’s new strategic focus in the UK enabling it to grow its leading position in the ‘at retirement’ and ‘workplace savings’ markets.
“We are extremely pleased to welcome another new client to our expanding UK client list and look forward to working with AEGON UK.”
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Notes to Editors
In the UK AEGON offers pensions, life insurance, asset management and financial advice to around two million customers. AEGON UK has assets under administration of £53.6 billion and employs approximately 4,500 staff.
AEGON is an international provider of life insurance, pensions and investments with approximately 28 thousand employees world wide and 40 million customers in the Americas, Europe and Asia. AEGON's revenue generating investments totaled EUR 388 billion at 31 March 2010.