Jessica BirdAegon has launched an enhanced version of its MyTarget retirement modelling tool, embedding Retirement Living Standards to help workplace pension members understand how much they may need in later life.
The updated tool, available to TargetPlan workplace members, features a redesigned interface and improved navigation across desktop, mobile and tablet.
The insurer said the changes form part of continued investment in its workplace savings proposition, aimed at improving engagement and supporting better retirement planning decisions.
The refreshed MyTarget tool now incorporates the Retirement Living Standards from Pensions UK, providing members with clearer benchmarks on the likely cost of different lifestyles in retirement and how their current savings trajectory compares.
Nick Roy, workplace commercial director at Aegon, said: “This latest development shows our continued commitment to investing in our workplace proposition and giving members the tools they need to make confident, informed decisions about their financial futures.
“We know people can feel overwhelmed when thinking about how much they’ll need in later life, so integrating the Retirement Living Standards gives them a meaningful and relatable benchmark – something they can understand in a clear and concise way.
“Our sustained investment in engagement and digital innovation has enabled this enhanced design and usability of MyTarget.
“Members can now model their future in a way that feels modern, intuitive and accessible on any device.
“Ultimately, our goal is to support better decisions and long-term outcomes, and this refreshed tool will make a real difference to workplace savers using TargetPlan.”
