Following its recent announcements to focus on the UK at-retirement market as a key strategic priority, AEGON today announces the launch of a secure income option on its Investment Control bond.
Online PR News – 21-July-2010 – – Following its recent announcements to focus on the UK at-retirement market as a key strategic priority, AEGON today announces the launch of a secure income option on its Investment Control bond.
The secure income option on the Investment Control bond provides customers with the security of a guaranteed income of 5% of their original investment over 20 years, no matter what happens to investment performance. It also provides the potential for capital growth. Each year on the bond anniversary, if the value of the bond grows to more than the original investment, the growth is locked in and returned to the customer at the end of the term. The growth is taxed at the customer’s marginal rate.
In addition, the Investment Control with secure income option allows customers to cover their own life and up to three other people, by offering a valuable inheritance benefit of the highest of 100.1% of the cash-in value, the original investment less any income taken, or the highest recorded fund value (recorded on the anniversary) less any income taken. In order to help reduce any future inheritance tax liability, the bond can also be placed in trust.
David Aaron, Individual Marketing Communications Manager at AEGON said:
“The UK at retirement market is core to the future business strategy of AEGON. With the new secure income option on our Investment Control bond we are meeting the needs of our customers who are looking for security and peace of mind with their investment.
“Recent market volatility is likely to make investors even more cautious, especially those approaching or in retirement, and therefore make them even more likely to look for products offering guaranteed levels of income.”
Advisers can find out more by contacting their local AEGON consultant or by visiting www.aegon.co.uk/secureforlife
- Ends -
Media Relations Manager
0131 549 3766/ 07740 897986
Media Relations Manager
0131 549 2859/ 07740 897282
Notes to Editors
- On 22 June AEGON announced that it intends to focus its business strategy on the UK ‘at retirement’ and corporate pensions markets.
- 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.
- As an international life insurance, pension and investment company based in The Hague, AEGON has approximately 28 thousand employees world wide and 40 million customers in the Americas, Europe and Asia. AEGON's revenue generating investments totalled EUR 388 billion at 31 March 2010.