Aegon launches enhanced modelling tool to help members benchmark retirement needs

Aegon has launched a major upgrade to MyTarget, its retirement modelling tool for workplace pension members, introducing a cleaner design and more intuitive navigation across desktop, mobile and tablet.

The enhancement is the latest example of Aegon’s ongoing commitment to invest in its workplace proposition, ensuring savers benefit from modern digital tools that make retirement planning clearer and more engaging.

The updated tool now incorporates the Retirement Living Standards from Pensions UK, helping members understand what different levels of retirement might cost and whether their current savings trajectory is on track.¹

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.”