AEGON has created a dedicated online support centre to help advisers prepare their business for implementation of the Retail Distribution Review proposals.
AEGON believes the RDR will have wide-reaching impact on both provider and adviser business models and that many advisers will need help and guidance in making the transition to the new regulatory landscape.
The RDR ‘hub’ is available to all advisers and can be accessed at http://www.aegon.co.uk/rdr. It contains a range of information and support material including:
- Up-to-date information on the latest RDR developments
- Expert analysis of the RDR proposals and how they impact advisers
- A comprehensive question and answer section covering all aspects of the RDR
- RDR-related adviser and consumer research findings
- Links to other sources of useful information
The hub also links to AEGON’s Business Brain website which gives advisers practical help with RDR action planning and guidance on developing their business in the run up to 2013 and beyond.
The RDR hub will be further developed in the months ahead to provide expert commentary and analysis via webcasts. AEGON also plans to add an online polling facility to gauge adviser opinion on key topics.
Duncan Jarrett, AEGON UK sales director, says:
“The RDR is the most significant regulatory change facing our industry today. Advisers will have to make major decisions as to how they will operate in future. They will have to decide how to charge for their advice, what levels of service to offer and how to make sure they are appropriately qualified.
“Many advisers will find the post-RDR world is very different to the way they operate today and they will need help, information and support to make that transition. The timetable to implementation will be tight but should be achievable for advisers with the right help and support.”
For further information
Tel: 0131 549 6798
Mobile: 07740 897527
Notes to editors
The FSA is expected to publish final rules on adviser charging and services for the individual retail market later this month. Full implementation of all the changes outlined in the RDR is required by 31 December 2012.
In the UK AEGON offers pensions, life insurance, asset management and financial advice to around 2 million customers. AEGON UK has assets under administration of £56 billion and employs approximately 4,900 staff.
AEGON is one of the world’s leading insurance groups with approximately 30 thousand employees world wide and 40 million customers in the Americas, Europe and Asia. AEGON's revenue generating assets totalled EUR 361 billion at December 31, 2009.