
Aegon upgrades MyTarget to help workplace members benchmark retirement income
The changes form part of continued investment in its workplace savings proposition.

The changes form part of continued investment in its workplace savings proposition.

Mylo won ‘Leading Innovation in Workplace Solutions’ at the Schroders UK Platform Awards and the Financial Services Innovation award at the Scottish Fintech Awards in Edinburgh.

Mylo aims to deliver personalised support through email, SMS, and app nudges, with prompts around contributions, consolidating pots, and retirement goals.
Only 33% of people aged 50 to 59 said they felt confident about retiring comfortably, the lowest of any age group.

Kate Smith, head of pensions at Aegon, said the Government needed to define what an adequate pension is and help reduce pension inequalities in the UK.

The milestone followed confirmation from the Financial Conduct Authority and marked the conclusion of a lengthy design and approval process aimed at enhancing investment outcomes for members of the Universal Balanced Collection.

Following the latest inflation announcement this morning, state pensioners are set to recieve an 'above-inflation' triple lock boost, according to Aegon.

Aegon’s latest research revealed that 54% of retired women rely on the State Pension compared to just 28% of retired men.

This followed the FCA's recent publication on the regulatory framework for pensions dashboard service firms.
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