Simplifying complexity for you and your clients
TargetPlan offers a reliable retirement savings solution that adapts to your clients' needs, all within a single scheme. It's built to support large employers and multi-division organisations with:
- Multiple payroll systems and cycles
- Varied contribution structures
- Different investment strategies
- Payroll processes across locations or divisions
TargetPlan is easy to set up and manage, with built-in flexibility across investment and retirement options. Schemes can also include a stocks and shares ISA alongside a pension, offering tax-efficient savings in one place. This gives employees the freedom to adjust their investments as their needs evolve, throughout their career and into retirement.
A default designed to simplify investing for retirement
Aegon LifePath is the default investment strategy for TargetPlan, designed to support members from early career through to retirement.
It focuses on growth in the early years, investing 100% in growth assets. From 15 years before retirement, it gradually shifts into a more diversified mix of assets to reduce risk, aligning to one of three retirement outcomes.
The strategy invests across a wide range of funds, asset classes and geographic regions, with ESG considerations integrated as standard.
Find out more about Aegon LifePath funds.
A diversified self-select range for active investors
Members who like to actively manage their investments can select from a wide range of other funds, including options by asset class, region, responsible investment approach, and Shariah compliance, helping them build a portfolio that reflects their goals and values.
Find out more about TargetPlan investment options.
TargetPlan investment options
A diverse investment offering with a robust ready-made default and a wide range of self-select options, providing choice and flexibility.
Contract-based workplace pensions
Our TargetPlan Group Personal Pension and Group Stakeholder schemes are contract-based defined contribution pensions that offer the same administrative flexibility as the Aegon Master Trust.
Own-trust schemes and investment-only services
With our trust-based pensions, we work alongside your client's own appointed board of trustees. We provide the administration and retirement benefits platform, while the trustees look after the interests of the members and the running of the scheme.
Key benefits for you, your clients and their employees
TargetPlan enables you to tailor a workplace retirement savings solution that focuses on the needs of your client, and help their employees save and invest in the way that’s most appropriate for them.
Flexibility
Your clients can offer their employees a simple pension-only solution or combine their scheme with an ISA. There’s also full flexibility for members when they’re ready to take their benefits, including the ability to move into drawdown.
Investment choice and flexibility
Robust default fund option and a wide offering of self-select funds across multiple asset classes. Schemes can also tailor investment choices to meet specific objectives.
Corporate sustainability
Sustainable growth and making a positive impact in our communities, and on the environment, is an essential of what we do. Find out more about our commitment to making a positive impact.
Easy to manage
Your client will be able to easily manage their scheme with access to our straightforward online service as well as comprehensive reporting information.
Management information
Our Member Insights online tool gives you and your client management information to help with scheme governance as well as the ability to send tailored messages to members to help address any governance actions.
Resources to support auto-enrolment
Our dedicated team and simple-to-use tools can help employers feel confident managing their auto-enrolment duties, securely and reliably.
Employee engagement
We can help your clients keep their employees engaged with communications that focus on the customer and use plain English. We use our customer panel to test our communications and use behavioural economics to drive member action.
Online employee experience
Employees can view their pension online and use the mobile app at their convenience, so they can easily stay engaged with their plan. No matter how complex the scheme is, we’ll make sure members only see the information that’s relevant to them.